Consumer prices in Brunei fell 0.02 percent year-on-year in October 2018, following a 0.4 percent rise in the previous month and reaching the first decline since July. Cost of transport decreased 0.2 percent, compared to a 0.2 percent gain in September. Also, prices dropped further for furnishing, household equipment & routine maintenance (-1.3 pct vs -0.8 pct); and clothing & footwear (-5.7 pct vs -0.2 pct) and continued to fall for housing, water, electricity, gas & other fuels (-0.6 pct, the same as September). Additionally, prices slowed food & non-alcoholic beverages (1.1 pct vs 1.6 pct), while inflation was steady for education (at 1.7 pct). On the other hand, cost of recreation & culture rose faster (1.8 pct vs 1.2 pct). On a monthly basis, consumer prices dropped 0.4 percent, after a 0.3 percent rise in September and marking the first monthly fall in 4 months. Inflation Rate in Brunei averaged 0.55 percent from 2007 until 2018, 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.
Inflation Rate in Brunei is expected to be 0.50 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 0.30 in 12 months time. In the long-term, the Brunei Inflation Rate is projected to trend around 1.50 percent in 2020, according to our econometric models.