East Timor's annual inflation climbed to 7.4 percent in May 2022 from 6.6 percent in the prior month. This was the highest figure since November 2013, with main upward pressure coming from cost of food and non-alcoholic beverages (8.0 percent vs 7.3 percent in April), largely led by oil and fats, rice, vegetables, and milk, cheese and eggs. Additional upward pressures also came from cost of alcohol and tobacco (23.3 percent vs 21.7 percent), housing (1.8 percent vs 1.0 percent), transport (14.8 percent vs 12.8 percent), furnishing and household maintenance (3.7 percent vs 1.4 percent), health (1.0 percent vs 1.0 percent), and recreation and culture (2.0 percent vs 2.0 percent). On the flip side, prices of clothing fell further (-0.6 percent vs -0.5 percent). On a monthly basis, consumer prices rose by 1.3 percent in May, the most in a year, after a 1.2 percent gain in April. source: National Statistics Directorate, Timor
Inflation Rate in East Timor averaged 4.56 percent from 2004 until 2022, 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 2022.
Inflation Rate in East Timor is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the East Timor Inflation Rate is projected to trend around 3.20 percent in 2023 and 2.20 percent in 2024, according to our econometric models.