The annual inflation rate in Brunei was at 1.8 percent in March 2021, unchanged from February's five month low. Inflation was steady for health (at 0.7 percent), education (at 0.1 percent). Inflation eased for food and non-alcoholic beverages (3.6 percent vs 3.9 percent in February), transport (5.9 percent vs 7.7 percent), recreation & culture (0.8 percent vs 1.1 percent). On the other hand inflation accelerated for communication (2.6 percent vs 1.3 percent) while that rebounded for restaurant and hotels (0.4 percent vs -0.4 percent). Meantime, prices fell further for housing (-0.2 percent vs -0.2 percent), miscellaneous goods and services (-0.4 percent vs -0.5 percent), furnishing (-0.8 percent vs -1.9 percent), clothing & footwear (-3.0 percent vs -8.8 percent). On a monthly basis, consumer prices rose by 0.3 percent in March, after a 0.5 percent gain in February. source: Department of Economic Planning and Development, Brunei
Inflation Rate in Brunei averaged 0.50 percent from 2007 until 2020, reaching an all time high of 3.59 percent in October of 2008 and a record low of -1.60 percent in December of 2016. This page provides the latest reported value for - Brunei Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Brunei Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Inflation Rate in Brunei is expected to be 1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Brunei to stand at 2.30 in 12 months time. In the long-term, the Brunei Inflation Rate is projected to trend around 2.50 percent in 2022 and 2.20 percent in 2023, according to our econometric models.