The annual inflation rate in Brunei edged down to 3.8 percent in May of 2022 from 3.9 percent in April which was the highest print since at least 2007. Food prices rose the most since April 2012 (5.4% vs 4.7% in April), primarily attributed to meat; fish and seafood; and oil and fats. Additional upward pressures largely came from cost of housing (2.3% vs 2.2%), transport (4.9% vs 5.0%), clothing (2.6% vs 6.5%), furnishing & household maintenance (1.2% vs 1.8%), health (0.3% vs 0.3%), recreation and culture (1.3% vs 0.9%), restaurants and hotels (0.6% vs 0.7%), and miscellaneous goods and services (14.5% vs 16.1%). On the flip side, prices of communication continued to fall (-0.2% vs -0.2%). On a monthly basis, consumer prices dropped by 0.3 percent in May, the same pace as in April and marking the second straight month of decline. source: Department of Economic Planning and Development, Brunei
Inflation Rate in Brunei averaged 0.69 percent from 2007 until 2022, 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 2022.
Inflation Rate in Brunei is expected to be 4.50 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.