The annual inflation rate in Macau stood at 0.77% in January of 2023, the same as in December 2022. Main upward pressure continued to come from prices of food & non-alcoholic beverages (2.4% vs 1.9%) and health (0.8% vs 0.7%). On the other hand, prices rose at a softer pace for alcoholic beverages & tobacco (0.8% vs 1.6%), household furnishings & services (7.5% vs 8.9%) and transport (3.2% vs 4.6%). Meanwhile, cost declined for clothing & footwear (-0.05% vs 0.3%) and recreation & culture (-0.2% vs -0.7%), while inflation was steady for housing & fuels (at-1.9%) and education (at 10.1%). On a monthly basis, consumer prices increased by 0.24%, following a 0.01% rise in the previous month. source: Statistics and Census Service, Government of Macao SAR
Inflation Rate in Macau averaged 2.37 percent from 1999 until 2023, 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 2023.
Inflation Rate in Macau is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Macau Inflation Rate is projected to trend around 1.40 percent in 2024 and 1.10 percent in 2025, according to our econometric models.