Consumer prices in Brunei edged down 0.1 percent year-on-year in November of 2019, the eleventh month of drop, after a 0.3 percent fall in the previous month. Food prices decreased 0.6 percent, following a 0.7 percent decline in October, mainly due to lower prices prices of rice and cereals (-3.6 percent), fish and seafood (-2.1 percent), oil and fats (-2.8 percent), fruits (-1.5 percent) and sugar, jam, honey, chocolate and confectionery (-0.4 percent). Also, cost fell for transport (-4 percent vs -3.7 percent) and housing & utilities (-1.6 percent vs -1.7 percent). Meanwhile, inflation edged higher for recreation & culture (1.9 percent vs 1.7 percent); restaurants & hotels (5.1 percent vs 5 percent) and furnishings (2.4 percent vs 1.2 percent) and health (0.7 percent vs 0.6 percent).On a monthly basis, consumer prices went up 0.1 percent compared to a 0.1 percent drop in the previous month. Inflation Rate in Brunei averaged 0.48 percent from 2007 until 2019, 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.
Inflation Rate in Brunei is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Brunei to stand at 0.40 in 12 months time. In the long-term, the Brunei Inflation Rate is projected to trend around 1.00 percent in 2020, according to our econometric models.