Prices of goods and services in Macau went down 0.97 percent year-on-year in March of 2021, slightly faster than the 0.95 percent decline in the previous month. It is the seventh consecutive month of deflation, attributed to drops in prices of recreation & culture (-10.27 percent vs -8.27 percent in February), on lower charges for package tours and hotel room rates; communications (-7.80 percent vs -7.64 percent), dragged by lower telecommunications services charges; food and non-alcoholic beverages (-0.87 percent vs -1.24 percent), mainly falling prices of pork; transports (-0.52 percent vs -0.04 percent), on cheaper auto fuel and airfares; and housing & fuels (-0.19 percent vs -0.07). On a monthly basis, consumer prices edged down 0.28 percent, after a 0.27 percent increase in the previous month. source: Statistics and Census Service, Government of Macao SAR

Inflation Rate in Macau averaged 2.50 percent from 1999 until 2021, 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 May of 2021.

Inflation Rate in Macau is expected to be 0.30 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 2.30 in 12 months time. In the long-term, the Macau Inflation Rate is projected to trend around 2.50 percent in 2022, according to our econometric models.

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Macau Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.97 -0.95 9.49 -3.65 1999 - 2021 percent Monthly
04/2018 – 03/2019=100


Calendar GMT Actual Previous Consensus TEForecast
2021-01-22 10:00 AM Dec -0.87% -0.88% -1.1%
2021-02-19 10:00 AM Jan -1.18% -0.87% -1.2%
2021-03-19 10:00 AM Feb -0.95% -1.18% -0.9%
2021-04-23 10:00 AM Mar -0.97% -0.95% -0.4%
2021-05-21 10:00 AM Apr -0.97% -0.6%
2021-06-16 10:00 AM May -0.3%
2021-07-17 10:00 AM Jun
2021-08-19 10:00 AM Jul


News Stream
Macau Consumer Prices Fall for 7th Month
Prices of goods and services in Macau went down 0.97 percent year-on-year in March of 2021, slightly faster than the 0.95 percent decline in the previous month. It is the seventh consecutive month of deflation, attributed to drops in prices of recreation & culture (-10.27 percent vs -8.27 percent in February), on lower charges for package tours and hotel room rates; communications (-7.80 percent vs -7.64 percent), dragged by lower telecommunications services charges; food and non-alcoholic beverages (-0.87 percent vs -1.24 percent), mainly falling prices of pork; transports (-0.52 percent vs -0.04 percent), on cheaper auto fuel and airfares; and housing & fuels (-0.19 percent vs -0.07). On a monthly basis, consumer prices edged down 0.28 percent, after a 0.27 percent increase in the previous month.
2021-04-23
Macau Consumer Prices Fall for 6th Straight Month
Prices of goods and services in Macau went down 0.95 percent year-on-year in February of 2021, following a 1.18 percent decline in January. It is the sixth consecutive month of deflation, attributed to lower charges for package tours and hotel room rates, falling prices of gasoline and fresh pork, reduced telecommunications services charges, and lower vegetable prices. On the other hand, prices increased for jewellery and watches, outpatient health services, domestic services, and passenger air transport. On a monthly basis, consumer prices edged up 0.27 percent, after a 0.25 percent increase in the previous month.
2021-03-19
Macau Consumer Prices Fall 1.18% in January
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.
2021-02-19
Macau CPI Slides 0.87% in December
Prices of goods and services in Macau decreased 0.87 percent year-on-year in December of 2020, following a 0.88 percent fall in November. It is the fourth consecutive month of deflation, attributed to lower charges for package tours, telecommunications services and electricity, as well as reduced prices of gasoline, clothing and fresh pork. On the other hand, prices increased for health and household furnishings and services. On a monthly basis, consumer prices edged up 0.21 percent, while for the full 2020, inflation stood at 0.81 percent.
2021-01-22

Macau Inflation Rate
In Macau, the most important categories in the consumer price index are food and non-alcoholic beverages (29 percent of the total weight) and housing, water, electricity, gas and other fuels (27 percent). The index also includes: transports (11 percent); miscellaneous goods and services (9.4 percent); clothing and footwear (6.5 percent); recreation and culture (4.8 percent); household appliances (3.3 percent); health (3 percent); education (2.9 percent); communication (2.5 percent) and alcoholic beverages and tobacco (1.0 percent).