The annual inflation rate in Brunei eased to 1.5% in September 2020, the least since February, from 2.1% in August. Prices of food & non-alcoholic beverages rose by 2.2%, slowing from a 2.5% gain in August, mainly due to vegetables, meat, and mineral waters. Also, cost of transport went up much softer (0.9% vs 1.62%), mainly due to prices of passenger transport by air of a few limited scheduled flights; motor car as well as passenger transport by road. In addition, cost rose less for clothing (0.1% vs 5.2%), furnishings, household maintenance (2.1% vs 2.8%), health (0.4% vs 0.6%), and miscellaneous goods & services (10.5% vs 11.4%). By contrast, cost fell for housing & utilities (-0.1% vs - 0.02%), recreation & culture prices (-0.2% vs -0.1%), and restaurants & hotels (-1.1% vs -1%). On a monthly basis, consumer prices edged up 0.1% after declining 0.2 percent in August. source: Department of Economic Planning and Development, Brunei
Inflation Rate in Brunei averaged 0.50 percent from 2007 until 2020, 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 February of 2021.
Inflation Rate in Brunei is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Brunei to stand at 0.80 in 12 months time. In the long-term, the Brunei Inflation Rate is projected to trend around 1.00 percent in 2021 and 2.00 percent in 2022, according to our econometric models.