East Timor's annual inflation dropped to 0.3 percent in September 2020 from 0.6 percent in the previous month. It was the lowest inflation rate since April, as food & non-alcoholic beverages inflation declined to a five-month low of 0.6 percent in September from 1.3 percent in August. In addition, prices fell more for both furniture & household equipment (-0.9% vs -0.4% in August) and alcohol & tobacco (-0.4% vs -0.2%). Meanwhile, prices of clothing & footwear continued to increase (1.8% vs 1.1%). On the other hand, prices dropped further for housing (-0.7% vs-0.9%), transport (-1.7 percent vs -1.8%). On a monthly basis, consumer prices edged down 0.1 percent in September, the second straight monthly decrease, the same pace as in August.
Inflation Rate in East Timor averaged 4.60 percent from 2004 until 2020, 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 October of 2020.
Inflation Rate in East Timor is expected to be 1.00 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 2021, according to our econometric models.