The annual inflation rate in Brunei inched higher to 2.6 percent in June 2020 from 2.5 percent in the previous month. This was the highest inflation rate since October 2011, as clothing prices increased more (11.5% vs 4.7% in May), due to a faster rise in prices of garments; clothing material as well as shoes and other footwear. Also, prices rose faster for furnishings, household maintenance (3.2% vs 2.9%), recreation & culture (0.5% vs 0.1%), health (0.8% vs 0.7%), while education inflation was steady (at 2%). Meantime, prices increased less for food & non-alcoholic beverages (2.8% vs 3.6%), transport (1.9% vs 2%), housing & utilities (0.02% vs 0.03%), and miscellaneous goods & services (11.6% vs 11.7%). By contrast, cost of restaurants & hotels dropped more (-1.0% vs -0.4%). On a monthly basis, consumer prices edged up by 0.03 percent, after a 0.2 percent drop in May.
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 2020.
Inflation Rate in Brunei is expected to be 5.00 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 4.00 in 12 months time. In the long-term, the Brunei Inflation Rate is projected to trend around 3.00 percent in 2021, according to our econometric models.