The annual inflation rate in Brunei fell to 4.3 percent in September of 2022 from August's record high of 4.5 percent. Food prices moderated (6.7% vs 7.0% in August), amid declines in cost of clothing (-2.3% vs 1.6%), health (-0.6% vs -0.6%), and communication (-1.6% vs -0.2%). By contrast, prices increased further for furnishing & household maintenance (0.6% vs 0.7%), housing(2.4% vs 2.4%) and transport (5.9% vs 5.9%), recreation and culture (2.7% vs 2.2%), restaurants and hotels (3.9% vs 3.2%) and miscellaneous goods and services (13.8% vs 13.7%). On a monthly basis, consumer prices increased by 0.2 percent in September, after a 0.6 percent rise in August. source: Department of Economic Planning and Development, Brunei
Inflation Rate in Brunei averaged 0.81 percent from 2007 until 2022, reaching an all time high of 4.50 percent in August of 2022 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 December of 2022.
Inflation Rate in Brunei is expected to be 4.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brunei Inflation Rate is projected to trend around 0.50 percent in 2023 and 1.00 percent in 2024, according to our econometric models.