Consumer prices in Macau dropped by 0.75% year-on-year in October 2020, after a 0.40% fall in the previous month. It was the second straight month of decline in consumer prices, as prices decreased for transport (-4.86% vs -3.81%); clothing & footwear (-7.15% vs -7.06%; recreation & culture (-9.27% vs -10.19%) and communication (-13.46% vs -11.31%). Additionally, prices rose less for food & non-alcoholic beverages (1.13% vs 1.77%); housing & utilities (0.31% vs 0.51%); health (2.81% vs 3.31%) and miscellaneous goods & services (1.05% vs 1.31%). Meanwhile, prices continued to increase for household goods & furnishings (2.24% vs 1.04%). On a monthly basis, consumer prices edged down 0.06% in October, after declining 0.23% in September. source: Statistics and Census Service, Government of Macao SAR
Inflation Rate in Macau averaged 2.57 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 November of 2020.
Inflation Rate in Macau is expected to be 0.10 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 2021, according to our econometric models.