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Year on year inflation reaches 6.16 pct in Macau in May

Macau’s year on year inflation reached 6.16 percent in May driven by a rise in home rentals and meals outside the home, according to the region’s Statistics and Census Bureau. The Bureau said there had been significant rises in the categories of housing and fuel (11.98 percent), food and non-alcoholic beverages (6.04 percent) and domestic […]

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UPDATED: 22 Dec 2023, 5:49 am

Macau’s year on year inflation reached 6.16 percent in May driven by a rise in home rentals and meals outside the home, according to the region’s Statistics and Census Bureau.

The Bureau said there had been significant rises in the categories of housing and fuel (11.98 percent), food and non-alcoholic beverages (6.04 percent) and domestic equipment and consumables (6.02 percent).

In May the Consumer Price Index (CPI) rose 0.10 percent against the previous month.

The rate of inflation, measured by the average of the price indices of the last 12 months compared to the previous 12 months, reached 5.89 percent, due to substantial rises in the price indices of housing and fuel (11.19 percent), food and non-alcoholic beverages (6.48 percent) and domestic equipment and consumables (6.30 percent). (macauhub)

UPDATED: 22 Dec 2023, 5:49 am

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