Prices in Macau in 2016 recorded an average annual increase of 2.37 percent. According to the Statistics and Census Bureau (DSEC), this upward movement was primarily due to a rise in the price of parking permits, eating out, cars and tobacco, as well as the costs of buildings management services.
DSEC reported that these five categories accounted for 1.77 percentage points of the increase in prices recorded last year.
However, the average inflation rate recorded in 2016 was the lowest since at least 2011, when it stood at 5.81 percent, before rising and falling again in the following years to 4.56 percent in 2015.
Annual inflation ended 2016 with a 1.44 percent rise. The figure was 0.09 percentage points less compared to the value recorded, for example, in November, due to a rise in prices in the categories of Food and Non- Alcoholic Beverages, Alcoholic Beverages and Tobacco, Education and Transport.
The Consumer Price Index increased by 0.17 percent in December compared to November, due to higher prices of Clothing and Footwear, Recreation and Culture, and Transport. MDT/Macauhub
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