Prices of goods and services in Macau fell 1.18 percent year-on-year in January of 2021, following a 0.87 percent decrease in December. It is the fifth consecutive month of deflation, attributed to lower charges for package tours, telecommunications services and clothing, as well as reduced prices of gasoline and fresh pork. On the other hand, prices increased for housing & utilities, health and household furnishings & services. On a monthly basis, consumer prices edged up 0.25 percent. source: Statistics and Census Service, Government of Macao SAR

Inflation Rate in Macau averaged 2.54 percent from 1999 until 2020, 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. This page provides the latest reported value for - Macao Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Macau Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.

Inflation Rate in Macau is expected to be 0.50 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 1.80 in 12 months time. In the long-term, the Macau Inflation Rate is projected to trend around 1.80 percent in 2022 and 3.00 percent in 2023, according to our econometric models.

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Macau Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.18 -0.87 9.49 -3.65 1999 - 2021 percent Monthly
04/2018 – 03/2019=100


Calendar GMT Actual Previous Consensus TEForecast
2020-11-19 10:15 AM Oct -0.75% -0.40% -0.2%
2020-12-18 09:30 AM Nov -0.88% -0.75% -0.3%
2021-01-22 10:00 AM Dec -0.87% -0.88% -1.1%
2021-02-19 10:00 AM Jan -1.18% -0.87% -1.2%
2021-03-19 10:00 AM Feb -0.9%
2021-04-23 10:00 AM Mar
2021-05-21 10:00 AM Apr
2021-06-16 10:00 AM May


News Stream
Macau Consumer Prices Fall 1.18% in January
Prices of goods and services in Macau fell 1.18 percent year-on-year in January of 2021, following a 0.87 percent decrease in December. It is the fifth consecutive month of deflation, attributed to lower charges for package tours, telecommunications services and clothing, as well as reduced prices of gasoline and fresh pork. On the other hand, prices increased for housing & utilities, health and household furnishings & services. On a monthly basis, consumer prices edged up 0.25 percent.
2021-02-19
Macau CPI Slides 0.87% in December
Prices of goods and services in Macau decreased 0.87 percent year-on-year in December of 2020, following a 0.88 percent fall in November. It is the fourth consecutive month of deflation, attributed to lower charges for package tours, telecommunications services and electricity, as well as reduced prices of gasoline, clothing and fresh pork. On the other hand, prices increased for health and household furnishings and services. On a monthly basis, consumer prices edged up 0.21 percent, while for the full 2020, inflation stood at 0.81 percent.
2021-01-22
Macau Consumer Prices Fall for 3rd Month
Consumer prices in Macau dropped by 0.88% year-on-year in November 2020, after a 0.75% fall in the previous month. It was the third straight month of decline in consumer prices, as prices decreased for transport (-4.66% vs -4.86% in October); clothing & footwear (-7.42% vs -7.15%); recreation & culture (-6.74 vs -9.27%) and communication (-13.35% vs -13.46%). Additionally, prices rose less for food & non-alcoholic beverages (0.39% vs 1.13%); housing & utilities (0.14% vs 0.31%); health (2.54% vs 2.81%) and miscellaneous goods & services (0.92% vs 1.05%). Meanwhile, prices continued to increase for household goods & furnishings (2.33% vs 2.24%). On a monthly basis, consumer prices inched down 0.08% in November, after declining 0.06% in October.
2020-12-18
Macau Consumer Prices Fall for 2nd Month
Consumer prices in Macau dropped by 0.75% year-on-year in October 2020, after a 0.40% fall in the previous month. It was the second straight month of decline in consumer prices, as prices decreased for transport (-4.86% vs -3.81%); clothing & footwear (-7.15% vs -7.06%; recreation & culture (-9.27% vs -10.19%) and communication (-13.46% vs -11.31%). Additionally, prices rose less for food & non-alcoholic beverages (1.13% vs 1.77%); housing & utilities (0.31% vs 0.51%); health (2.81% vs 3.31%) and miscellaneous goods & services (1.05% vs 1.31%). Meanwhile, prices continued to increase for household goods & furnishings (2.24% vs 1.04%). On a monthly basis, consumer prices edged down 0.06% in October, after declining 0.23% in September.
2020-11-19

Macau Inflation Rate
In Macau, the most important categories in the consumer price index are food and non-alcoholic beverages (29 percent of the total weight) and housing, water, electricity, gas and other fuels (27 percent). The index also includes: transports (11 percent); miscellaneous goods and services (9.4 percent); clothing and footwear (6.5 percent); recreation and culture (4.8 percent); household appliances (3.3 percent); health (3 percent); education (2.9 percent); communication (2.5 percent) and alcoholic beverages and tobacco (1.0 percent).