East Timor's annual inflation declined to 0.6 percent in August 2020 from 0.8 percent in the previous month. Prices rose softer food & non-alcoholic beverages (1.3% vs 1.6% in July), clothing & footwear (1.1% vs 1.4%) while prices of furniture & household equipment fell 0.4 percent in August, after a flat reading in July. On the other hand, prices dropped further for housing (-0.9%, the same pace as in July), transport (-1.8 percent vs -1.9%) and alcohol & tobacco (-0.2% vs -0.3%). On a monthly basis, consumer prices inched down 0.1 percent in August, the first monthly decrease since February, after a 0.1 percent rise in July.
Inflation Rate in East Timor averaged 4.62 percent from 2004 until 2020, reaching an all time high of 18 percent in February of 2007 and a record low of -2.50 percent in August of 2009. This page provides the latest reported value for - East Timor Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. East Timor Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020.
Inflation Rate in East Timor is expected to be 1.30 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 2.50 in 12 months time. In the long-term, the East Timor Inflation Rate is projected to trend around 3.00 percent in 2021, according to our econometric models.