East Timor's annual inflation increased to 0.8 percent in July 2020, the most since last September, from 0.5 percent in the previous month. Food & non-alcoholic beverages inflation accelerated to a nine-month high of 1.6 percent in July (from 0.8 percent in June). In addition, prices fell less for housing (-0.9% vs -1.0% in June). Meantime, clothing & footwear inflation was steady (at 1.4%) while prices of furniture & household equipment were flat in July, after increasing 0.5 percent in June. On the other hand, prices continued to drop for both transport (-1.9 percent vs -1.5%) and alcohol & tobacco (-0.3% vs -0.3%). On a monthly basis, consumer prices inched up 0.1 percent in July, the same pace as in June.
Inflation Rate in East Timor averaged 4.64 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 September of 2020.
Inflation Rate in East Timor is expected to be 1.30 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 2.50 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.