Macau declined to 2.33 percent in February 2020 from 2.98 percent in the previous month. Inflation slowed for: transport (3.03 pct vs 6.53 pct in January); household goods & furnishings (0.90 pct vs 2.04 pct); health (4.44 pct vs 4.52 pct); miscellaneous goods & services (2.50 pct vs 3.14 pct). In addition, prices of recreation & culture fell sharply (-5.91 pct vs 6.49 pct) and communication prices dropped more (-8.80 pct vs -8.64 pct).Meantime, inflation accelerated for both food & non-alcoholic beverages (6.08 pct vs 5.39 pct) and housing & utilities (1.61 pct vs 1.36 pct); while education inflation was steady (at 5.14 pct). On the other hand, prices continued to fall for clothing & footwear (-5.16 pct vs -6.51 pct). On a monthly basis, consumer prices edged higher 0.04 percent in February, after a 0.57 percent gain in January.
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. Macau Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2020.
Inflation Rate in Macau is expected to be 3.00 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 2021, according to our econometric models.