Consumer Prices in East Timor Fall for 1st Time in Near 8 Years 📈
Consumer prices in East Timor declined by 0.2% year-on-year in November 2024, marking the first drop since January 2017, driven by lower costs in various sectors including alcohol, housing, and transport.
The decline in consumer prices in East Timor is a positive development, as it indicates a slowdown in inflation. This could have a moderate positive impact on the investment portfolio, as it may lead to increased consumer spending and economic growth in the region, which could benefit the long positions in the European market, CAC 40, and emerging markets. However, the impact is limited as East Timor is a relatively small economy, and the portfolio has a diversified global exposure.