East Timor's annual inflation increased to 3.4 percent in April 2021, the highest level since December 2013, from 2.9 percent in the previous month, as food & non-alcoholic beverages inflation accelerated to a 7-1/2 year high of 5.2 percent in April from 4.4 percent in March, due to an increase in prices of vegetables (5%), rice (13%), milk, cheese and eggs (4.0%) and oil fats (8.9%). A 0.8 percent rise in transport prices also had a bigger impact on CPI (vs -0.3% in March), was driven by operation of personal transport equipment. Main upward pressures also came from, alcohol & tobacco (7.6% vs 7.5%), housing (0.4% vs 0.4%). Conversely, cost fell for furnishings & household equipment (-0.9% vs -0.2%). On a monthly basis, consumer prices advanced by 0.6 percent in April, easing from a 0.7 gain percent in March. source: National Statistics Directorate, Timor
Inflation Rate in East Timor averaged 4.51 percent from 2004 until 2021, 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 June of 2021.
Inflation Rate in East Timor is expected to be 3.00 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 2.40 in 12 months time. In the long-term, the East Timor Inflation Rate is projected to trend around 2.00 percent in 2022 and 2.20 percent in 2023, according to our econometric models.