The annual inflation rate in Brunei increased to a 7-month high of 1.9 percent in August 2021 from 1.5 percent in July, due to faster rises in prices of food and non-alcoholic beverages (2.1% vs 1.9%), restaurants and hotels (1.4% vs 1.2%), health (1.0% vs 0.8%), and miscellaneous goods and services (0.7% vs 0.3%). Also, there was a rebound in prices of clothing & footwear (2.8% vs -6.1%), while transport cost went up further (7.0% vs 7.5%). By contrast, prices fell for recreation & culture (-0.1% vs 0.3%), housing (-0.3% vs -0.2%), furnishing (-1.3% vs -2.0%), and communication (-0.01% vs -0.05%). On a monthly basis, consumer prices went up 0.2 percent in August, rebounding from a 0.2 percent drop in July. source: Department of Economic Planning and Development, Brunei
Inflation Rate in Brunei averaged 0.62 percent from 2007 until 2021, 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 December of 2021.
Inflation Rate in Brunei is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.