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Timor-Leste : Inflation
Inflation in 2012 remained high at 10.9% (annual average basis) but moderated from 13.1% in 2011 (Figure 3.35.2). This reflected easing world food prices and lower import costs with the strengthening ... of the US dollar, which Timor-Leste uses as its official currency, against the currencies of some of Timor-Leste’s important trade partners. Government spending in the face of persisting bottlenecks and spending linked to the midyear elections countered some of the deflationary impact of these external developments.Sources: Timor-Leste National Statistics Directorate; ADB estimates. http://dne.mof.gov.tl/
Rank: 3722 of 4889 in Economy
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