Inflation rate stands at 1.06 pct in April

The year-on-year inflation rate in Macau rose to 1.06 per cent in April, due to the increases in the wages of domestic workers and the prices of meals away from home, fuel, electricity and plane tickets.

The decrease in house rents and the reduction in the prices of telecommunications services and pork attenuated part of the increase in the consumer price index, indicated, in a statement, the Directorate of Statistics and Census Bureau (DSEC).

In April, the general consumer price index rose 0.16 per cent compared to the previous month, according to the DSEC.

In March, inflation in Macau reached the second-highest level since the beginning of the covid-19 pandemic, after almost a year of deflation, with a sharp drop in prices.