Inflation in Brunei
Brunei - InflationIn the second quarter, the economy grew at the fastest pace since current records began in 2013, propelled by a strong recovery in the oil and gas sector. Data for the third quarter, however, is limited and currently paints a mixed picture. The external sector’s contribution to growth seemed to strengthen in the quarter: The merchandise trade surplus widened in July–August compared to the second quarter, even as merchandise exports fell notably in August on lower outbound shipments of oil and natural gas. Meanwhile, turning to the fourth quarter, the oil sector should benefit from the coming online of the new Hengyi Petrochemical refinery in early November. Moreover, OPEC+ production cuts could boost demand for Bruneian oil, as the country is not a member of the organization.
Brunei - Inflation Data
|Inflation Rate (CPI, annual variation in %)||0.4||-0.2||-0.4||-0.7||-0.2|
5 years of economic forecasts for more than 30 economic indicators.
Source: World Bank.
|Exchange Rate||1.34||0.0 %||Jan 01|
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