The annual inflation rate in Macau eased to 0.76% in November 2022 from 1.02% in the previous month, the lowest since August 2021. Prices slowed for transport (4.28% vs 4.56%); household, furnishings, and facilities (10.26% vs 12.70% in October); and alcoholic beverages and tobacco (1.58% vs 1.98%). Also, costs dropped for housing and fuels (-1.82% vs -1.55%), such as dwellings rentals and liquified petroleum gas; and communication (-9.23% vs -9.28%). On the contrary, prices accelerated for education (10.07% vs 10.02%), namely tuition fees; and miscellaneous goods and services (0.52% vs 0.32%), namely domestic helpers. source: Statistics and Census Service, Government of Macao SAR
Inflation Rate in Macau averaged 2.38 percent from 1999 until 2022, 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 Hits 15-Month Low - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.
Inflation Rate in Macau is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Macau Inflation Rate is projected to trend around 0.90 percent in 2023 and 1.40 percent in 2024, according to our econometric models.