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Inflation Rate Trends and Forecast for Brunei from 1990 to 2029

Inflation Rate Trends and Forecast for Brunei from 1990 to 2029

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TGM StatBox. (2024). Inflation Rate Trends and Forecast for Brunei from 1990 to 2029. TGM StatBox.
Chart Details
Data Source: International Monetary Fund (IMF)
Timeframe: 1990-2029
Country: Brunei
Published date: 2024
Note: The Inflation rate (average consumer prices), as defined by the International Monetary Fund (IMF), measures the annual percentage change in the average level of prices of goods and services consumed by households.
Key Takeaways
Brunei’s inflation has remained relatively subdued, with deflationary periods such as -2.3% in 2002 due to economic slowdowns. Inflation spikes, such as 6.0% in 1995, were often linked to fluctuations in global oil prices, a key factor in Brunei's oil-dependent economy.

Post-2022, inflation dropped sharply from 3.7% to 0.4% in 2023, reflecting normalization after pandemic-related disruptions. Forecasts predict a stable inflation rate of 1% from 2025 onwards, underpinned by Brunei’s fiscal discipline and reliance on steady oil revenues.

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