East Timor's annual inflation rate came in at 0.3 percent in December 2019, unchanged from the previous month's 32-month low. Prices rose less for food & non-alcoholic beverages (0.2% vs 0.5% in November) and alcohol & tobacco (0.8% vs 1.3%) while cost fell for housing (-0.2%, the same as in November) and furniture & household equipment (-0.7% vs -0.9%). Conversely, transport prices rebounded (0.1% vs -0.7%), while clothing & footwear cost picked up (0.1% vs a flat reading in November). On a monthly basis, consumer prices rose by 0.1 percent in December, after a 0.1 percent drop in November.
Inflation Rate in East Timor averaged 4.81 percent from 2004 until 2019, 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.
Inflation Rate in East Timor is expected to be 2.50 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 2.90 in 12 months time. In the long-term, the East Timor Inflation Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.