Consumer prices in Macau inched down 0.08 percent year-on-year in June of 2021, rising from a 0.51 percent decline in the prior month. It was the tenth straight month of deflation, although the slowest in the current sequence, as prices of food & non-alcoholic beverages rose for the first time since last December (0.59 percent vs -0.18 percent in May), with gains in fruit prices offsetting losses in pork. Upward pressure was also seen in transports (4.24 percent vs 2.32 percent), lifted by higher gasoline costs and airfares; and housing & fuels (0.09 percent vs 0.05 percent). Meanwhile, prices fell at a slower pace in communication (-7.57 percent vs -7.63 percent); in recreation & culture (-9.63 percent vs -10.06 percent), still weighed down by lower charges for package tours; and clothing & footwear (-4.61 percent vs -4.98 percent). On a monthly basis, consumer prices were almost unchanged with a 0.01 percent decline, after a 0.04 gain in May. source: Statistics and Census Service, Government of Macao SAR
Inflation Rate in Macau averaged 2.47 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 August of 2021.
Inflation Rate in Macau is expected to be 1.50 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 2.50 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.