Information from the Statistics and Census Service (DSEC) indicated that the Composite Consumer Price Index (CPI) in July 2018 increased by 3.33 percent year-on- year to 113.11, up by 0.22 percentage points from the 3.11 percent growth in June.
The Composite CPI reflects the impact of price changes on the general households of Macau and is a key indicator of inflation.
DSEC attributes the faster growth to rising costs of eating out, rentals for dwellings, higher parking meter rates and the prices of gasoline and adult clothing.
Among the various sections of goods and services, price indices of clothing and footwear, transport and health went up by 7.71 percent, 6.64 percent and 4.65 percent respectively year-on-year, while the index of communications decreased markedly by 7.92 percent.
The Composite CPI in July 2018 increased by 0.24 percent when compared to the previous month. The higher charges for package tours during the summer holidays pushed up the price index of recreation and culture by 2.3 percent, according to DSEC.
For the 12 months ending July 2018, the average Composite CPI rose by 2.32 percent from the previous period, with notable growth in the price indexes of clothing and footwear (+4.93 percent), health (+4.83 percent) and education (+4.46 percent).
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