Inflation Macao 2024
Average inflation: 0.8%
Current Inflation
Inflation is very low at 0.8%, well below the ECB target.
Peak and Trough
The highest inflation was in February at 1.3%. The lowest inflation was in January at 0.5%.
- Highest month
- February: 1.3%
- Lowest month
- January: 0.5%
- Difference
- 0.8 percentage points
- Months with data
- 7 of 12
Category Insights
The highest price increase was in Food with an average of 1.3%. The lowest price increase was in Energy with an average of 0.4%.
- Highest increase
- Food: 1.3%
- Lowest increase
- Energy: 0.4%
Historical Context
Current inflation is around the 5-year average of 0.6%.
- 5-year average
- 0.6%
- 10-year average
- 1.7%
- All-time high (2008)
- 8.6%
- All-time low (2021)
- 0%
Trend
Inflation has remained relatively stable. Compared to 2023, the difference is minimal (+0.3 percentage point).
- Change vs. previous year
- +0.3 percentage points
- Largest monthly swing
- February: +0.9 percentage points
ECB Target
Inflation is 1.2% 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 €100.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 0.5% | -0.3 |
| February | 1.3% | +0.9 |
| March | 1.0% | +0.6 |
| April | 0.9% | +0.5 |
| May | 0.7% | +0.3 |
| June | 0.6% | +0.3 |
| July | 0.8% | +0.5 |
| Average | 0.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.Not all months available yet.