Inflation Timor-Leste 2023
Average inflation: 8.4%
Current Inflation
Inflation is very high at 8.4%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 9.8%. The lowest inflation was in June at 7.0%.
- Highest month
- January: 9.8%
- Lowest month
- June: 7.0%
- Difference
- 2.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 0.7%. The lowest price increase was in Energy with an average of 0.7%.
- Highest increase
- Energy: 0.7%
- Lowest increase
- Energy: 0.7%
Historical Context
Current inflation is 4.3% higher than the 5-year average of 4.1%.
- 5-year average
- 4.1%
- 10-year average
- 2.4%
- All-time high (2011)
- 13.5%
- All-time low (2016)
- -1.3%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by +1.4 percentage point.
- Change vs. previous year
- +1.4 percentage points
- Largest monthly swing
- January: +4.4 percentage points
ECB Target
Inflation is 6.4% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €108.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 9.8% | +4.4 |
| February | 9.6% | +3.9 |
| March | 9.6% | +3.6 |
| April | 8.1% | +1.5 |
| May | 7.1% | -0.3 |
| June | 7.0% | -1.0 |
| July | 7.1% | -1.1 |
| August | 7.7% | -0.2 |
| September | 8.7% | +0.8 |
| October | 8.7% | +1.4 |
| November | 9.0% | +2.3 |
| December | 8.7% | +1.8 |
| Average | 8.4% |
Data source
Data from WorldBank. Last updated: 06/01/2026.