The annual inflation rate in Brunei declined to 1.1 percent in April 2021, the lowest since January last year, from 1.8 percent in the previous month, mainly due to a softer rise in prices of food and non-alcoholic beverages (1.5% vs 3.6%). Also, prices increased less for recreation & culture (0.6% vs 0.8% in March), communication (1.8% vs 2.6%). Meanwhile, prices continued to rise for health (1.1% vs 0.7%), education (0.1% vs 0.1%), transport (7.2% vs 5.9%), restaurant and hotels (0.5% vs 0.4%). In addition, prices dropped faster for miscellaneous goods and services (-0.5% vs -0.4%), furnishing (-2.8% vs -0.8%), clothing & footwear (-10.9% vs -3.0%), while prices of housing fell by 0.2%, the same pace as in March. On a monthly basis, consumer prices fell by 0.5 percent in April, after a 0.3 percent gain in March. source: Department of Economic Planning and Development, Brunei
Inflation Rate in Brunei averaged 0.50 percent from 2007 until 2020, reaching an all time high of 3.59 percent in October of 2008 and a record low of -1.60 percent in December of 2016. This page provides the latest reported value for - Brunei Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Brunei Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2021.
Inflation Rate in Brunei is expected to be 1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Brunei to stand at 2.30 in 12 months time. In the long-term, the Brunei Inflation Rate is projected to trend around 2.50 percent in 2022 and 2.20 percent in 2023, according to our econometric models.