Macau Inflation Rate at 26-Month High

The annual inflation rate in Macau rose to 1.43% in May 2026 from 1.21% in the previous month, marking its highest level since February 2024. Price increases were recorded across several categories, including housing and utilities (0.59% vs 0.33% in April), food and non-alcoholic beverages (1.19% vs 1.11%), transport (4.79% vs 3.97%), recreation, sport, and culture (1.24% vs 1.03%), information and communication (1.06% vs 0.55%), clothing and footwear (2.91% vs 2.33%), and health (0.89% vs 0.70%). Meanwhile, prices edged lower in household furnishings and services (0.76% vs 0.78%) and miscellaneous goods and services (3.56% vs 3.61%), while education remained steady at 1.05%. Costs for alcoholic beverages and tobacco fell to 0.46% after remaining unchanged in the previous month. On a monthly basis, consumer prices eased to 0.17% in May after recording a 0.31% increase in April.

The annual inflation rate in Macau rose to 1.21% in April 2026 from 1.06% in the previous month, reaching its highest level since February 2024. Price growth strengthened for miscellaneous goods and services (3.61% vs 3.12% in March), transport (3.97% vs 1.89%), information and communication (0.55% vs 0.23%), and clothing and footwear (2.33% vs 1.66%). Meanwhile, inflation eased for food and non-alcoholic beverages (1.11% vs 1.12%), housing and fuels (0.30% vs 0.34%), household furnishings and services (0.78% vs 0.83%), health (0.70% vs 0.72%), recreation, sport, and culture (1.03% vs 3.02%), and education (1.05% vs 1.14%). At the same time, prices for alcoholic beverages and tobacco were unchanged after declining 0.26% in March. On a monthly basis, consumer prices rose 0.31% in April, rebounding from a 0.18% decline in the prior month.

The annual inflation rate in Macau eased to 1.06% in March 2026 from a two-year high of 1.16% in the previous month. The main downward pressure came from transport (1.89% vs 2.36% in February), housing and fuels (0.34% vs 0.37%), and recreation, sport, and culture (3.02% vs 7.76%). In addition, prices declined for alcoholic beverages and tobacco (-0.26% vs 0.13%), while education remained unchanged (1.14%). Meanwhile, costs rose at a faster pace for food and non-alcoholic beverages (1.12% vs 0.92%), clothing and footwear (1.66% vs 1.02%), household furnishings and services (0.83% vs 0.45%), health (0.72% vs 0.46%), information and communication (0.23% vs 0.16%), and miscellaneous goods and services (3.12% vs 3.04%). On a monthly basis, consumer prices fell 0.18%, reversing a 0.42% increase in February, and marking the first monthly consumer deflation since May 2025.