East Timor's annual inflation rate slowed to 1.5 percent in February of 2019 from 1.7 percent in the previous month. It was the lowest inflation rate since December 2017, as prices increased at a softer pace for: food & non-alcoholic beverages (1.3 percent vs 1.4 percent in January); alcohol & tobacco (9.5 percent vs 10.9 percent); and transport (2 percent vs 3.5 percent). In addition, cost continued to fall for furnishings, household equipment & routine household maintenance (-0.5 percent, the same pace as in January). Conversely, cost rose faster for housing (0.8 percent vs 0.7 percent). On a monthly basis, consumer prices increased 0.1 percent, compared to a 0.3 percent rise in the preceding month. Inflation Rate in East Timor averaged 5.06 percent from 2004 until 2019, reaching an all time high of 18 percent in February of 2007 and a record low of -2.50 percent in August of 2009.
Inflation Rate in East Timor is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in East Timor to stand at 3.30 in 12 months time. In the long-term, the East Timor Inflation Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.