Macao inflation hits three-year high in October

0 Comment(s)Print E-mail Xinhua, November 19, 2011
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Macao's Composite Consumer Price Index (CPI) for October went up 6.71 percent from a year earlier, the highest in three years, according to figures released by the city's Statistics and Census Service (DSEC) on Friday.

The figure was the highest since November 2008, when CPI rose 7.49 percent year-on-year, according to the DSEC.

In comparison with that in October 2010, price index of miscellaneous goods and services, food and non-alcoholic beverages, and transport recorded a notable year-on-year increase of more than nine percent during the period, due to higher prices of gasoline, gold jewelry, fresh fish and fresh pork.

Meanwhile, price index of communication decreased by 14 percent year-on-year upon lowered charges for internet services.

The average Composite CPI for the first ten months of 2011 increased 5.62 percent year-on-year. For the 12 months ending in October 2011, the average Composite CPI rose 5.34 percent from the preceding period.

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