The annual inflation rate in Brunei edged up to 3.9 percent in April of 2022, the highest level since at least 2007, from 3.8 percent in the previous month. Food prices rose the most since December 2020 (4.7% vs 3.4% in March), primarily attributed to meat; fish and seafood; and oil and fats. Additional upward pressures largely came from cost of housing (2.2% vs 2.1%), transport (5.0% vs 6.0%), clothing (6.5% vs 3.2%), furnishing & household maintenance (1.8% vs 1.2%), health (0.3% vs 0.7%), recreation and culture (0.9% vs 0.7%), restaurants and hotels (0.7% vs 0.3%), and miscellaneous goods and services (16.1% vs 18.1%). In addition, prices of communication fell much softer (-0.2% vs -0.9%). On a monthly basis, consumer prices fell 0.3 percent in April, the first monthly decline since July 2021, reversing from a 0.9 percent rise in March. source: Department of Economic Planning and Development, Brunei
Inflation Rate in Brunei averaged 0.69 percent from 2007 until 2022, 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 August of 2022.
Inflation Rate in Brunei is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brunei Inflation Rate is projected to trend around 0.50 percent in 2023 and 1.00 percent in 2024, according to our econometric models.