Inflation in Brunei

Brunei Inflation | Economic News & Forecasts

Brunei - Inflation

Recent government data shows that the economy hit its stride in the fourth quarter of 2017, recording 5.2% year-on-year growth. This marked a sharp acceleration from Q3’s measly expansion. Growth in the fourth quarter was underpinned by a booming hydrocarbon sector, on a surge in LNG and methanol production, and higher oil prices. However, growth in the non-oil and gas sector was almost flat, despite government diversification efforts. The continued rise in oil prices so far this year, coupled with constrained public spending as set out in the FY 2018–2019 budget, should help narrow the gaping budget deficit.

Brunei - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)0.4  -0.2  -0.4  -0.7  -0.1  

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Note: Annual variation of consumer price index (CPI) in %.
Source: World Bank.

Brunei Facts

Exchange Rate1.340.0 %Jun 14

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