Macau's Inflation Reaches Highest Peak Since May 2020
Macau/ Venture/ Money

Macau's Inflation Rate Reaches Highest Peak Since May 2020

Macaus Inflation Reaches Highest Peak Since May 2020

Macau’s inflation rate has reached its highest point since May 2020 with a year-on-year Consumer Price Index (CPI) growth of 1.46% last February, according to the Statistics and Census Service’s (DSEC) report.

The new data follows a 1.01% record from January 2024, a 0.45% increase from the previous month. DSEC attributes the increase to the high consumer prices during the Lunar New Year. During this period, Macau also welcomed over one million visitors, beating the city’s pre-pandemic records.

Among the sectors that saw growth were recreation and culture, amassing an 11.92% year-on-year growth due to rising hotel costs, among others. The food and non-alcoholic beverages sector also recorded a 1.73% increase, which is mostly attributed to eating out costs.

Clothing and footwear also rose by 4.09%, while the education sector increased by 5.05%. Meanwhile, changes in composite CPIs of transport and alcoholic beverages and tobacco dropped by -1.82% and -0.77%, respectively.

To learn more and read the full report, click here.

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