Macau Inflation Rate Eases in June

The annual inflation rate in Macau rose to 1.29% in August 2026 from 1.12% in July, ending two consecutive months of slowdown and reaching its highest level since May. The increase was mainly driven by faster price growth for food and non-alcoholic beverages (1.37% vs 1.22%), transport (3.08% vs 2.29%), and housing and fuels (0.66% vs 0.48%). Inflation also picked up for miscellaneous goods and services (3.09% vs 2.38%), information and communication (1.86% vs 1.44%), and clothing and footwear (2.64% vs 2.61%). Meanwhile, prices for alcoholic beverages and tobacco fell 1.21%, following a 1.28% decline in July. In contrast, inflation eased for household furnishings and services (0.31% vs 0.79%) and health (0.83% vs 0.94%), while prices for recreation, sport and culture fell 0.32%, reversing a 1.07% increase in the previous month. On a monthly basis, consumer prices rose 0.28% in August, rebounding from a 0.01% decline in July and marking the strongest monthly increase since April.

Macau’s annual inflation rate eased to 1.12% in July 2026, slowing for a second consecutive month and down from 1.24% in June. The slowdown was mainly driven by softer price growth for food (1.22% vs 1.31%), transport (2.29% vs 3.71%), and housing and utilities (0.79% vs 0.81%). Additional downward pressure came from clothing and footwear (2.61% vs 3.17%) and recreation, sport and culture (1.07% vs 1.45%). Prices for alcoholic beverages and tobacco also fell 1.28%, reversing a 0.09% increase in June. In contrast, inflation accelerated for health (0.94% vs 0.87%), information and communication (1.44% vs 1.17%), and education (1.17% vs 1.05%). On a monthly basis, consumer prices were largely unchanged, edging down 0.01% after a 0.15% decline in June.

The annual inflation rate in Macau eased to 1.24% in June 2026 from an over two-year high of 1.43% in the previous month. The slowdown was mainly driven by softer inflation in transport (3.71% vs 4.79%), miscellaneous goods and services (2.36% vs 3.56%), housing and fuels (0.39% vs 0.59%), and health (0.87% vs 0.89%). Meanwhile, price growth accelerated for food and non-alcoholic beverages (1.31% vs 1.19%), alcoholic beverages and tobacco (0.09% vs -0.46%), clothing and footwear (3.17% vs 2.91%), household furnishings and services (0.81% vs 0.76%), information and communication (1.17% vs 1.06%), and recreation, sport and culture (1.45% vs 1.24%), while education inflation remained unchanged (1.05% vs 1.05%). On a monthly basis, consumer prices fell 0.15% in June, reversing a 0.17% increase in the previous month and marking the second monthly contraction of 2026, after March's decline.