Macau's consumer price inflation increased to 3.04 percent year-on-year in January 2019 from an eight-month low of 2.94 percent in the previous month. Inflation accelerated for: food & non-alcoholic beverages (3.13 pct vs 2.79 pct in December); transport (5.07 pct vs 4.68 pct), and miscellaneous goods & services (2.81 pct vs 2.58 pct). Meanwhile, prices slowed for: housing & utilities (2.26 pct vs 2.37 pct); clothing & footwear (4.54 pct vs 6.00 pct); health (4.13 pct vs 4.53 pct), and recreation & culture (0.78 pct vs 2.42 pct). Also, inflation was steady for both household goods & furnishings (at 1.81 pct) and education (at 5.95 pct). In addition, communication prices fell more than in a month earlier (-0.56 pct vs -6.85 pct). On a monthly basis, consumer prices edged up 0.15 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 3.10 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 3.30 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.