The annual inflation rate in Macau increased to 2.83 percent in August 2019, the highest since March, from 2.60 percent in the previous month, as prices went up at faster pace for: for food & non-alcoholic beverages (4.00 percent vs 3.62 percent in July); miscellaneous goods & services (3.54 percent vs 2.48 percent); recreation & culture (1.65 percent vs 0.47 percent); health (3.91 percent vs 2.07 percent), and education (5.83 percent vs 5.81 percent). In addition, prices fell softer for clothing & footwear prices continued to drop (-0.08 percent vs -1.25 percent). Meanwhile, inflation eased for transport (5.06 percent vs 5.09 percent); housing & utilities (1.33 percent vs 1.94 percent); household goods & furnishings (2.34 percent vs 2.36 percent). On the other hand, communication prices continue to drop (-2.53 percent vs -2.45 percent). On a monthly basis, consumer prices rose 0.30 percent in August, after a 0.22 percent gain in July. 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 2.50 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 3.20 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.