Inflation drops to lowest in almost two years

2013-4-22

From：Macau Business

Macau’s inflation rate dropped to its lowest point in almost two years in March, official data released today shows.

The Composite Consumer Price Index, the city’s main gauge for inflation, increased by 4.95 percent year-on-year, attributable to higher charges for eating out and rising rentals for dwellings, the Statistics and Census Service said.

This is the lowest growth rate since April 2011, when the Composite Consumer Price Index increased by 4.88 percent.

As the effect of the Lunar New Year period faded out, the Composite Consumer Price Index for March decreased by 0.29 percent month-to-month.

For the 12 months ended March, the average Composite Consumer Price Index increased by 5.88 percent from the preceding period.

Copyright@Macau Business