Inflation Rate (CPI): Macao

Analysis# Macao Inflation Rate (CPI) Macao's inflation rate stands at 1.2% in 2026, reflecting modest price growth in the territory's economy. This sits well below the all-time peak of 8.6% recorded in 2008 during the global financial crisis, yet above the deflationary low of -2.6% in 2002. Since 2002, the cumulative change in inflation reaches 146.2%, indicating significant economic shifts over the past two decades. The most striking pattern emerges from 2017 onward: inflation has remained remarkably subdued, hovering between 0% and 3%. After peaking at 3% in 2018, the rate declined steadily through 2025, dropping to just 0.5% before ticking back up to 1.2% in 2026. This extended period of low inflation reflects Macao's economic stability following the COVID-19 pandemic, with the uptick in 2026 suggesting a return to more normalized price pressures rather than renewed inflationary concerns.