The annual inflation rate in Brunei edged up to 2.1% in August 2020 from a three-month low of 2.0% in July. Prices of food & non-alcoholic beverages rose by 2.5%, accelerating from a 2.2% gain in July, mainly due to vegetables, meat, and fish and seafood. Also, cost of clothing went up much faster (5.2% vs 1.7%), mainly due to garments and clothing materials. At the same time, prices continued to rise for furnishings, household maintenance (2.8% vs 3%), health (0.6% vs 0.7%), transport (1.6% vs 2.2%), education (2% vs 2%), and miscellaneous goods & services (11.4% vs 10.6%). In contrast, cost fell for housing & utilities (-0.02% vs 0.01%), recreation & culture prices (-0.1% vs -0.2%), and restaurants & hotels (-1% vs -1.1%). On a monthly basis, consumer prices fell 0.2% after a 0.1% drop in July. 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 November of 2020.
Inflation Rate in Brunei is expected to be 1.80 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 0.80 in 12 months time. In the long-term, the Brunei Inflation Rate is projected to trend around 1.50 percent in 2021 and 2.00 percent in 2022, according to our econometric models.