The annual inflation rate in Macau inched lower to 2.60 percent in July 2019, the lowest since January 2018, from 2.62 percent in the previous month, as prices rose at softer pace for: housing & utilities (1.94 percent vs 2.29 percent in June); household goods & furnishings (2.36 percent vs 2.39 percent); recreation & culture (0.47 percent vs 1.21 percent); health (2.07 percent vs 2.09 percent), and education (5.81 percent vs 5.90 percent).In addition, prices fell faster for communication (-2.45 percent vs -0.72 percent). Meanwhile, inflation accelerated for food & non-alcoholic beverages (3.62 percent vs 3.35 percent); transport (5.09 percent vs 4.76 percent); and miscellaneous goods & services (2.48 percent vs 2.23 percent). On the other hand, clothing & footwear prices continued to drop (-1.25 percent vs -1.40 percent). On a monthly basis, consumer prices rose 0.22 percent in July, after a 0.29 percent gain in June. Inflation Rate in Macau averaged 2.62 percent from 1999 until 2019, 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 2.50 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 3.20 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.