In a discussion of Macau’s latest inflation rate, Chang Chak Io has claimed that residents might not see prices being adjusted downward.
The vice president of the Economics Science Association told TDM that he expects that in the upcoming half year, rentals for stores will be maintained or further decrease, predicting that the inflation rate of 2016 will be somewhere around 3.5 percent.
The Statistics and Census Bureau (DESC) announced this week that the composite Consumer Price Index (CPI) rose last month by 2.08 percent year-on-year, representing a 0.18 percent decline from the 2.26 percent growth registered in June.
In a statement released by DSEC, the 2.08 percent increase was attributable to the higher rental prices assigned to parking slots, eating out, the increase in motor car prices, as well as in property management fees.
In Chang’s words, this slight decrease will not yield lower consumer prices, stating also that resident’s stable wages are also preventing prices from decreasing.
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