Prices of goods and services in Macau fell 1.18 percent year-on-year in January of 2021, following a 0.87 percent decrease in December. It is the fifth consecutive month of deflation, attributed to lower charges for package tours, telecommunications services and clothing, as well as reduced prices of gasoline and fresh pork. On the other hand, prices increased for housing & utilities, health and household furnishings & services. On a monthly basis, consumer prices edged up 0.25 percent. source: Statistics and Census Service, Government of Macao SAR
Inflation Rate in Macau averaged 2.54 percent from 1999 until 2020, 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 2021.
Inflation Rate in Macau is expected to be 0.50 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 1.80 in 12 months time. In the long-term, the Macau Inflation Rate is projected to trend around 1.80 percent in 2022 and 3.00 percent in 2023, according to our econometric models.