East Timor's annual inflation edged higher to 0.4 percent in May 2020, the most since last October, from 0.3 percent in the previous month. Food & non-alcoholic beverages inflation accelerated to an eight-month high of 0.8 percent in May from 0.6 percent in April. In addition, prices fell less for housing (-1.1% vs -1.4% in April); alcohol & tobacco (-0.7% vs -0.8%). Meanwhile, prices continued to rise for both furniture & household equipment (0.3% vs 1.1%) and clothing & footwear (1.5% vs 1.6%). On the other hand, transport prices continued to drop (-1.4 percent vs -0.6%). On a monthly basis, consumer prices went up 0.2 percent in May, following a 0.1 percent gain in April.
Inflation Rate in East Timor averaged 4.69 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 July of 2020.
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 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.