Macau's consumer price inflation eased to 3.35 percent year-on-year in October 2018 from an over 2-1/2 year high of 3.51 percent in the previous month. Cost slowed for housing & utilities (2.97 pct vs 3.06 pct in September); transport (6.31 pct vs 6.40 pct); miscellaneous goods & services (3.00 pct vs 3.31 pct); clothing & footwear (5.72 pct vs 7.19 pct); recreation & culture (1.71 pct vs 2.92 pct) and household goods & furnishings (3.24 pct vs 3.70 pct). On the other hand, price advanced faster for food & non-alcoholic beverages (2.91 pct vs 2.85 pct); education (5.84 pct vs 5.83 pct) and health (4.76 pct vs 4.62 pct); and fell less for communication (-6.71 pct vs -7.93 pct). On a monthly basis, consumer prices rose 0.16 percent. Inflation Rate in Macau averaged 2.62 percent from 1999 until 2018, 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.
Inflation Rate in Macau is expected to be 3.20 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 3.70 in 12 months time. In the long-term, the Macau Inflation Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.