While many economies in Asia and the rest of the world grapple with inflation, the cost of living in Macao has hardly moved.
Inflation
Higher costs of transport and services countered by cheaper prices for recreation, culture and communications, DSEC reports.
Rise of 0.38 per cent blamed on higher prices for eating out, electricity, petrol, liquefied petroleum gas and fruit.
Macao’s consumer price inflation rate amounted to 0.81 per cent last year, one of the lowest in recent years.
Macao’s composite consumer price index (CPI) in September dropped by 0.40% year-on-year, the first decrease since December 2009.
Macau’s composite consumer price index (CPI) rose 2.47 per cent year-on-year last month, the Statistics and Census Bureau (DSEC) said in a statement today.
Macau’s composite consumer price index rose 2.97 percent year on year last month.
Prices in Macau in February rose by 0.37% year-on-year, “a substantial slowdown compared to the annual growth recorded in January (+1.76%),” due to the decrease observed in the prices of excursions and vegetables, reported Macau’s Statistics and Census Bureau.
Macau’s composite consumer price index (CPI) in January rose 1.76 percent year on year, up 0.32 percentage points from the 1.44 percent growth in the previous month, the Statistics and Census Bureau (DSEC) announced on Tuesday.