Macau’s inflation rate eased to 4.51 percent in April, the Statistics and Census Bureau (DSEC) announced on Thursday.
According to a DSEC statement, the city’s composite consumer price index (CPI) for April increased 4.51 percent year-on-year, down from the 5.10 percent growth in March.
The bureau pointed out that higher residential rents and the rising cost of eating out “remained the main drivers of the CPI increase.”
The bureau last month recorded notable year-on-year increases in the price indices of housing and fuels (+9.84 percent), health (+5.17 percent), and food and non-alcoholic beverages (+4.73 percent).
On the contrary, the price indices of recreation and culture (-1.43 percent) and alcoholic beverages and tobacco (-1.40 percent) showed marked decreases.
For the 12 months ended last month, the average composite CPI rose 5.62 percent. The average composite CPI for the first four months increased 4.91 percent year-on-year.