Macau’s annual inflation rate slowed for the second straight month, easing to 1.12% in July 2026 from 1.24% in June. The deceleration was largely attributable to weaker price increases in food (1.22% vs 1.31%), transport (2.29% vs 3.71%), and housing and utilities (0.79% vs 0.81%). Additional downward pressure came from clothing and footwear (2.61% vs 3.17%), as well as recreation, sport and culture (1.07% vs 1.45%). Prices for alcoholic beverages and tobacco also declined by 1.28%, reversing a 0.09% rise in June.
By contrast, inflation picked up in health (0.94% vs 0.87%), information and communication (1.44% vs 1.17%), and education (1.17% vs 1.05%). On a monthly basis, consumer prices were virtually flat, edging down 0.01% after a 0.15% decrease in June.
