The annual inflation rate in Macau was at 1.06% in April of 2022, little changed from a four-month high of 1.07% in the previous month. The overall increase in the CPI was mainly due to increases in domestic helper wages and charges for eating out, as well as increases in gasoline, electricity and air ticket prices, which were partly moderated by lower housing rents, communication service charges and pork prices. The biggest increases were seen in prices of household equipment and services (11.02%) and transportation (7.64%), while those of communication fell by 10.34%. On a monthly basis, consumer prices were up 0.16%, the most in three months, after a 0.02% downtick in the previous month. source: Statistics and Census Service, Government of Macao SAR
Inflation Rate in Macau averaged 2.41 percent from 1999 until 2022, 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 May of 2022.
Inflation Rate in Macau is expected to be 1.10 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 1.80 percent in 2023 and 1.50 percent in 2024, according to our econometric models.