Macau's consumer price inflation fell to 2.79 percent year-on-year in February 2019 from 3.04 percent in the previous month. This was the lowest inflation rate since March last year, as prices rose softer for: food & non-alcoholic beverages (2.51 pct vs 3.13 pct in January); housing & utilities (2.11 pct vs 2.26 pct); transport (5.06 pct vs 5.07 pct); miscellaneous goods & services (1.71 pct vs 2.81 pct); clothing & footwear (4.48 pct vs 4.54 pct); and health (3.56 pct vs 4.13 pct). In addition, communication prices fell more than in a month earlier (-0.67 pct vs -0.56 pct). Meanwhile, prices increased faster for both recreation & culture (2.06 pct vs 0.78 pct) and household goods & furnishings (2.90 vs 1.81 pct). On the other hand, inflation was steady for education (at 5.95 pct). On a monthly basis, consumer prices went up 0.68 percent. Inflation Rate in Macau averaged 2.62 percent from 1999 until 2018, 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 3.10 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 3.30 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.