The annual inflation rate in Macau dropped to a 14-month low of 2.69 percent in May 2019 from 2.77 percent in the previous month. Prices slowed for food & non-alcoholic beverages (3.01 percent vs 3.21 percent in April); household goods & furnishings (2.52 percent vs 2.90 percent); clothing & footwear (0.80 percent vs 2.25 percent); recreation & culture (1.93 percent vs 3.49 percent), and health (2.29 percent vs 3.14 percent). In addition, cost of communication fell at a faster pace (-0.79 percent vs -0.76 percent). On the other hand, prices went up further for housing & utilities (2.29 percent vs 1.79 percent); transport (4.88 percent vs 4.74 percent); miscellaneous goods & services (1.83 percent vs 1.67 percent), and education (5.90 percent vs 5.89 percent). On a monthly basis, consumer prices rose by 0.28 percent, after a 0.25 percent gain 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.