The annual inflation rate in Macau dropped to 0.94% in June 2020 from 1.67% in the previous month. It was the lowest inflation rate since April 2017, as prices eased for food & non-alcoholic beverages (3.73% vs 4.85% in May); housing & utilities (0.27% vs 0.65%); household goods & furnishings (0.27% vs 0.68%); miscellaneous goods & services (2.08% vs 2.67%). Additionally, costs fell faster for transport (-2.41% vs -0.72%); communication (-9.16% vs -9.02%); clothing & footwear (-7.45% vs -6.17%) and recreation & culture (-0.93% vs –0.21%). Meantime, prices continued to increase for health (5.26% vs 5.02%). On a monthly basis, consumer prices declined 0.43% in June, after a 0.10% fall in May.
Inflation Rate in Macau averaged 2.62 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 August of 2020.
Inflation Rate in Macau is expected to be 2.90 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 2.80 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.