Macau Inflation Rate Rises for 2nd Month

Macau’s annual inflation rate rose to 1.33% in September 2026, up from 1.29% in August, marking a second consecutive monthly acceleration and its highest level since May. Transportation inflation climbed to 4.39% from 3.08%, largely driven by higher gasoline prices. Price growth also accelerated in health (0.91% vs. 0.83%) and information and communication (2.28% vs. 1.86%). Meanwhile, recreation, sports and culture prices rebounded by 0.7%, following a 0.32% decline in August. In contrast, inflation eased in food (1.25% vs. 1.37%), housing and fuels (0.6% vs. 0.66%), and clothing and footwear (1.96% vs. 2.64%). On a monthly basis, consumer prices increased by 0.14%, slowing from a 0.28% rise in August.

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.