The annual inflation rate in Macau decreased to 2.56 percent in December 2019 from 2.70 percent in the previous month. This was the lowest inflation rate since January 2018, as inflation eased for: food & non-alcoholic beverages (5.31 pct vs 5.40 pct in November); housing & utilities (1.28 pct vs 1.41 pct); education (5.13 pct vs 5.20 pct), and health (4.49 pct vs 4.59 pct). In addition, prices fell more for: recreation & culture (-2.82 pct vs -1.71 pct); clothing & footwear (-5.41 pct vs -4.57 pct), and communication (-2.79 pct vs -2.76 pct). Meantime, inflation accelerated for: transport (4.90 pct vs 4.34 pct); household goods & furnishings (1.96 pct vs 1.54 pct), and miscellaneous goods & services (3.60 pct vs 3.42 pct). On a monthly basis, consumer prices rose 0.20 percent in December, after a 0.05 percent gain in November.
Inflation Rate in Macau averaged 2.63 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. 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.
Inflation Rate in Macau is expected to be 2.70 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 2.90 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.