Macao's inflation reaches 5.19 pct in October

Macao's Composite Consumer Price Index (CPI) for October went up by 5.19 percent over the same period of last year, according to the figures released Wednesday by the city's Statistics and Census Service (DSEC).

In comparison with October 2011, price index of alcoholic beverages and tobacco (+33.73 percent), household goods and furnishings (+7.68 percent) and food and non-alcoholic beverages (+7.08 percent) marked notable increase on account of higher charges for domestic services and higher charges for dining out.

Meanwhile, price index of education and communication decreased by 3.07 percent and 0.44 percent respectively year-on-year.

The average Composite CPI for the first ten months of 2012 increased by 6.18 percent year-on-year. For the 12 months ended October 2012, the average Composite CPI increased by 6.26 percent from the preceding period.