Inflation Macao 2004
Average inflation: 1.0%
Current Inflation
Inflation is low at 1.0%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in December at 2.8%. The lowest inflation was in January at -0.9%.
- Highest month
- December: 2.8%
- Lowest month
- January: -0.9%
- Difference
- 3.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 2.3%. The lowest price increase was in Energy with an average of -0.3%.
- Highest increase
- Food: 2.3%
- Lowest increase
- Energy: -0.3%
Historical Context
Current inflation is 2.4% higher than the 5-year average of -1.4%. This approaches the highest level since records began (1.0% in 2004).
- 5-year average
- -1.4%
- 10-year average
- -1.7%
- All-time high (2004)
- 1%
- All-time low (1999)
- -3.2%
Trend
Inflation shows an upward trend. Compared to 2003, inflation has risen by +2.6 percentage point.
- Change vs. previous year
- +2.6 percentage points
- Largest monthly swing
- August: +4.3 percentage points
ECB Target
Inflation is 1.0% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €101.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2004
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2003 |
|---|---|---|
| January | -0.9% | +0.3 |
| February | -0.4% | +1.7 |
| March | -0.4% | +1.1 |
| April | -0.2% | +1.1 |
| May | 0.0% | +1.1 |
| June | 0.4% | +1.8 |
| July | 1.8% | +4.1 |
| August | 2.0% | +4.3 |
| September | 2.1% | +3.5 |
| October | 2.2% | +3.8 |
| November | 2.5% | +3.8 |
| December | 2.8% | +4.2 |
| Average | 1.0% |
Data source
Data from WorldBank. Last updated: 06/01/2026.