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.