East Timor's annual inflation rate eased markedly to 0.7 percent in April of 2019 from 1.4 percent in the previous month. It was the lowest inflation rate since September 2017, amid softer rises in prices of food & non-alcoholic beverages (0.6 percent vs 1.3 percent in March); alcohol & tobacco (2.5 percent vs 8.3 percent); clothing & footwear (0.2 percent vs 0.3 percent); and transport (1.5 percent vs 1.6 percent). In addition, cost of furnishings, household equipment & routine household maintenance fell further (-0.8 percent vs -0.7 percent). In contrast, cost of housing increased faster (1.2 percent vs 0.8 percent). On a monthly basis, consumer prices were flat in April, following a 0.1 percent rise in March. Inflation Rate in East Timor averaged 5.01 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.
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 3.30 in 12 months time. In the long-term, the East Timor Inflation Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.