October’s composite consumer price index saw a 1.10 percent year-on-year rise, with tuition fees experiencing the biggest price hike.
DSEC
Down more than 10 percentage points month to month, Macao’s hotel occupancy rate for September was back where it was near the start of the year.
Underemployment is down slightly, with more work cropping up in the construction sector, while median monthly earnings have remained the same.
The relaxation of pandemic border controls and the resumption of tourism lie behind the strong performance, the Statistics and Census Service says.
The consumer price index barely moved between March and April, with lower rents helping to offset any increases in the price of consumer goods.
Official figures show a major spike in such cases during the first quarter of this year compared to the same period in 2022.
Macao’s Tourist Price Index has registered a steep rise in the cost of tourist accommodation compared to the last quarter of 2022.
The newest DSEC data reveals only the most marginal improvements in joblessness and underemployment since the last month of the pandemic.
The latest figures put Macao’s birth rate at its lowest level in 37 years. If that’s allowed to continue, it will pose big problems for the city.