FX.co ★ Macau Inflation Eases to Four-Month Low

In July 2025, Macau experienced a 0.12% year-on-year rise in consumer prices, the slowest increase in four months, easing from June's 0.25% growth. This deceleration was mainly due to reduced price growth in miscellaneous goods and services (1.62% in July compared to 2.05% in June), recreation, sport, and culture (3.21% vs. 3.42%), and health (0.54% vs. 0.6%). Meanwhile, declines in transport (-2.30% vs. -1.03%) and clothing and footwear (-2.54% vs. -2.26%) intensified. Conversely, there were notable upward trends in housing and fuels (0.22% vs. 0.18%), food and non-alcoholic beverages (0.30% vs. 0.20%), and alcoholic beverages and tobacco (0.6% vs. 0.24%), along with a deceleration in the decrease of household furnishings and services (-0.20% vs. -0.26%). On a month-to-month basis, consumer prices saw a 0.11% increase in July, up from June's 0.04% rise.