East Timor's annual inflation increased to 2.0 percent in January 2021 from 1.2 percent in the previous month. This was the highest reading since December 2018, as prices of food & non-alcoholic beverages rose by 3.3 percent, the most in seven years. Additional upward pressure also came from alcohol & tobacco (5.3% vs -0.4%), clothing & footwear (0.2% vs 2.2%), and housing (0.1 percent vs flat reading). At the same time, cost fell at a slower rate for both transport prices (-1.2 percent vs -2.5%) and furniture & household equipment (-0.8% vs -1%). On a monthly basis, consumer prices went up by 1.0 percent in January, after gaining 0.5 percent in December. source: National Statistics Directorate, Timor
Inflation Rate in East Timor averaged 4.53 percent from 2004 until 2021, 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 February of 2021.
Inflation Rate in East Timor is expected to be 0.50 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 1.50 in 12 months time. In the long-term, the East Timor Inflation Rate is projected to trend around 2.00 percent in 2022, according to our econometric models.