Macau is going through price deflation
The world’s largest gaming zone is also accused of being an “attractive target” for terrorism, according to Steve Vickers and Associates Ltd.
China.- Tourist price deflation has been injuring the economical stability of the Special Administrative Region of the People’s Republic of China. Known as Macau, the region where gambling industry is the main character has released official data that announces a 0.86 percent annual rate of deflation.
The Statistics and Census Service of the country blames the drop of to tourists’ lack of spending. The annual rate of deflation affected clothing and footwear price (4.18 percent less,) transport and communication (2.08 percent less) and accommodation ( 7.08 per cent less,) all compared to 2014 rates.
However, not everything is bad news for Macau. Food, alcoholic drinks and tobacco industries have shown an increasment of their incomes. Together, they achieved an annual rate of 4.53 percent higher than the previous year. Also, entertainment and cultural activities, including restaurant prices, reached an annual rate of 8.24 percent.
