Current inflation 澳門 0.8%
July 2024
Current Inflation
Inflation is very low at 0.8%, well below the ECB target.
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 (1999)
- -3.2%
Trend
Inflation has remained relatively stable. Compared to 2023, the difference is minimal (+0.3 percentage point).
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.
Last 12 months
5-year trend
Statistics
- This year (avg.)
- 0.8%
- Last year
- 0.5%
- 5-year average
- 0.8%
- All-time high (2008)
- 8.6%