Macau's consumer price inflation fell to 2.77 percent year-on-year in April 2019 from 2.84 percent in the previous month. Prices rose softer for housing & utilities (1.79 pct vs 1.93 pct in March); transport (4.74 pct vs 5.40 pct); miscellaneous goods & services (1.67 pct vs 1.85 pct); household goods & furnishings (2.90 vs 3.07 pct); clothing & footwear (2.25 pct vs 3.21 pct), and health (3.14 pct vs 3.18 pct). Meantime, inflation was steady for education (at 5.89 pct). On the other hand, prices increased faster for both food & non-alcoholic beverages (3.21 pct vs 3.02 pct) and recreation & culture (3.49 pct vs 1.85 pct). Meanwhile, prices continued to fall for communication (-0.76 pct vs -0.74 pct). On a monthly basis, consumer prices went up by 0.25 percent, after a 0.40 percent drop in the prior month. Inflation Rate in Macau averaged 2.62 percent from 1999 until 2019, reaching an all time high of 9.49 percent in March of 2008 and a record low of -3.65 percent in July of 1999.
Inflation Rate in Macau is expected to be 2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Macau to stand at 3.00 in 12 months time. In the long-term, the Macau Inflation Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.