Inflation Macao 2003
Average inflation: -1.6%
Current Inflation
There is deflation with consumer prices declining by 1.6%.
Peak and Trough
The highest inflation was in May at -1.1%. The lowest inflation was in July at -2.3%.
- Highest month
- May: -1.1%
- Lowest month
- July: -2.3%
- Difference
- 1.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of -1.2%. The lowest price increase was in Food with an average of -1.3%.
- Highest increase
- Energy: -1.2%
- Lowest increase
- Food: -1.3%
Historical Context
Current inflation is 0.6% higher than the 5-year average of -2.2%.
- 5-year average
- -2.2%
- 10-year average
- -2.2%
- All-time high (2003)
- -1.6%
- All-time low (1999)
- -3.2%
Trend
Inflation has remained relatively stable. Compared to 2002, the difference is minimal (+1.0 percentage point).
- Change vs. previous year
- +1.0 percentage points
- Largest monthly swing
- January: +2.2 percentage points
ECB Target
Inflation is 3.6% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
Due to deflation, purchasing power increases. Money becomes more valuable instead of less.
What you could buy for €100 this year will cost approximately €98.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2003
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2002 |
|---|---|---|
| January | -1.2% | +2.2 |
| February | -2.1% | +0.2 |
| March | -1.5% | +1.3 |
| April | -1.3% | +1.8 |
| May | -1.1% | +2.1 |
| June | -1.4% | +1.8 |
| July | -2.3% | +0.8 |
| August | -2.3% | +0.3 |
| September | -1.4% | +1.1 |
| October | -1.6% | +0.3 |
| November | -1.3% | +0.6 |
| December | -1.4% | +0.2 |
| Average | -1.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.