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 ...
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/
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