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Macro / Inflation & policy rates

Inflation & policy rates

Consumer inflation and policy rates across the SEA-11. Read the insight →
Separate measures · observation years retained

Headline CPI · WEO 2026

% annual change

WEO Apr 2026 · 2026 projection
Country% annual change
-125
YearSource & notes
Myanmar19.00
2026
IMF World Economic Outlook / DataMapper April 2026 PCPIPCH · year 2026 · as_of 2026-09-11
Observation notes

WEO Apr 2026 PCPIPCH — 2026 projection (headline CPI % change); complements scale_growth

Laos9.60
2026
IMF World Economic Outlook / DataMapper April 2026 PCPIPCH · year 2026 · as_of 2026-09-11
Observation notes

WEO Apr 2026 PCPIPCH — 2026 projection (headline CPI % change); complements scale_growth

Vietnam4.90
2026
IMF World Economic Outlook / DataMapper April 2026 PCPIPCH · year 2026 · as_of 2026-09-11
Observation notes

WEO Apr 2026 PCPIPCH — 2026 projection (headline CPI % change); complements scale_growth

Philippines4.30
2026
IMF World Economic Outlook / DataMapper April 2026 PCPIPCH · year 2026 · as_of 2026-09-11
Observation notes

WEO Apr 2026 PCPIPCH — 2026 projection (headline CPI % change); complements scale_growth

Cambodia3.00
2026
IMF World Economic Outlook / DataMapper April 2026 PCPIPCH · year 2026 · as_of 2026-09-11
Observation notes

WEO Apr 2026 PCPIPCH — 2026 projection (headline CPI % change); complements scale_growth

Indonesia3.00
2026
IMF World Economic Outlook / DataMapper April 2026 PCPIPCH · year 2026 · as_of 2026-09-11
Observation notes

WEO Apr 2026 PCPIPCH — 2026 projection (headline CPI % change); complements scale_growth

Singapore2.30
2026
IMF World Economic Outlook / DataMapper April 2026 PCPIPCH · year 2026 · as_of 2026-09-11
Observation notes

WEO Apr 2026 PCPIPCH — 2026 projection (headline CPI % change); complements scale_growth

Timor-Leste2.10
2026
IMF World Economic Outlook / DataMapper April 2026 PCPIPCH · year 2026 · as_of 2026-09-11
Observation notes

WEO Apr 2026 PCPIPCH — 2026 projection (headline CPI % change); complements scale_growth

Malaysia1.90
2026
IMF World Economic Outlook / DataMapper April 2026 PCPIPCH · year 2026 · as_of 2026-09-11
Observation notes

WEO Apr 2026 PCPIPCH — 2026 projection (headline CPI % change); complements scale_growth

Brunei1.60
2026
IMF World Economic Outlook / DataMapper April 2026 PCPIPCH · year 2026 · as_of 2026-09-11
Observation notes

WEO Apr 2026 PCPIPCH — 2026 projection (headline CPI % change); complements scale_growth

Thailand0.90
2026
IMF World Economic Outlook / DataMapper April 2026 PCPIPCH · year 2026 · as_of 2026-09-11
Observation notes

WEO Apr 2026 PCPIPCH — 2026 projection (headline CPI % change); complements scale_growth

Philippines highlighted. Gaps have no bars; scales remain fixed in peer mode.

Headline CPI · WEO 2025

% annual change

WEO Apr 2026 · 2025 estimate / actual
Country% annual change
-125
YearSource & notes
Myanmar22.00
2025
IMF World Economic Outlook / DataMapper April 2026 PCPIPCH · year 2025 · as_of 2026-09-11
Observation notes

WEO Apr 2026 PCPIPCH — 2025 (estimate/actual per WEO); keep separate badge from 2026 projection

Laos7.70
2025
IMF World Economic Outlook / DataMapper April 2026 PCPIPCH · year 2025 · as_of 2026-09-11
Observation notes

WEO Apr 2026 PCPIPCH — 2025 (estimate/actual per WEO); keep separate badge from 2026 projection

Vietnam3.30
2025
IMF World Economic Outlook / DataMapper April 2026 PCPIPCH · year 2025 · as_of 2026-09-11
Observation notes

WEO Apr 2026 PCPIPCH — 2025 (estimate/actual per WEO); keep separate badge from 2026 projection

Cambodia2.50
2025
IMF World Economic Outlook / DataMapper April 2026 PCPIPCH · year 2025 · as_of 2026-09-11
Observation notes

WEO Apr 2026 PCPIPCH — 2025 (estimate/actual per WEO); keep separate badge from 2026 projection

Indonesia1.90
2025
IMF World Economic Outlook / DataMapper April 2026 PCPIPCH · year 2025 · as_of 2026-09-11
Observation notes

WEO Apr 2026 PCPIPCH — 2025 (estimate/actual per WEO); keep separate badge from 2026 projection

Philippines1.70
2025
IMF World Economic Outlook / DataMapper April 2026 PCPIPCH · year 2025 · as_of 2026-09-11
Observation notes

WEO Apr 2026 PCPIPCH — 2025 (estimate/actual per WEO); keep separate badge from 2026 projection

Malaysia1.40
2025
IMF World Economic Outlook / DataMapper April 2026 PCPIPCH · year 2025 · as_of 2026-09-11
Observation notes

WEO Apr 2026 PCPIPCH — 2025 (estimate/actual per WEO); keep separate badge from 2026 projection

Singapore0.90
2025
IMF World Economic Outlook / DataMapper April 2026 PCPIPCH · year 2025 · as_of 2026-09-11
Observation notes

WEO Apr 2026 PCPIPCH — 2025 (estimate/actual per WEO); keep separate badge from 2026 projection

Timor-Leste0.50
2025
IMF World Economic Outlook / DataMapper April 2026 PCPIPCH · year 2025 · as_of 2026-09-11
Observation notes

WEO Apr 2026 PCPIPCH — 2025 (estimate/actual per WEO); keep separate badge from 2026 projection

Thailand-0.10
2025
IMF World Economic Outlook / DataMapper April 2026 PCPIPCH · year 2025 · as_of 2026-09-11
Observation notes

WEO Apr 2026 PCPIPCH — 2025 (estimate/actual per WEO); keep separate badge from 2026 projection

Brunei-0.30
2025
IMF World Economic Outlook / DataMapper April 2026 PCPIPCH · year 2025 · as_of 2026-09-11
Observation notes

WEO Apr 2026 PCPIPCH — 2025 (estimate/actual per WEO); keep separate badge from 2026 projection

Philippines highlighted. Gaps have no bars; scales remain fixed in peer mode.

Headline CPI · WDI

% annual change

WDI · individual years
Country% annual change
-125
YearSource & notes
Laos7.74
2025
World Bank WDI FP.CPI.TOTL.ZG · year 2025 · as_of 2026-09-11
Observation notes

WDI FP.CPI.TOTL.ZG latest non-null; raw=7.74226936553695; API lastupdated 2026-07-13; do not bar-mix with WEO without year badges

Vietnam3.31
2025
World Bank WDI FP.CPI.TOTL.ZG · year 2025 · as_of 2026-09-11
Observation notes

WDI FP.CPI.TOTL.ZG latest non-null; raw=3.3099931421974; API lastupdated 2026-07-13; do not bar-mix with WEO without year badges

Cambodia2.35
2025
World Bank WDI FP.CPI.TOTL.ZG · year 2025 · as_of 2026-09-11
Observation notes

WDI FP.CPI.TOTL.ZG latest non-null; raw=2.35127105896507; API lastupdated 2026-07-13; do not bar-mix with WEO without year badges

Indonesia1.91
2025
World Bank WDI FP.CPI.TOTL.ZG · year 2025 · as_of 2026-09-11
Observation notes

WDI FP.CPI.TOTL.ZG latest non-null; raw=1.9133344329508; API lastupdated 2026-07-13; do not bar-mix with WEO without year badges

Philippines1.66
2025
World Bank WDI FP.CPI.TOTL.ZG · year 2025 · as_of 2026-09-11
Observation notes

WDI FP.CPI.TOTL.ZG latest non-null; raw=1.6587364525509; API lastupdated 2026-07-13; do not bar-mix with WEO without year badges

Malaysia1.38
2025
World Bank WDI FP.CPI.TOTL.ZG · year 2025 · as_of 2026-09-11
Observation notes

WDI FP.CPI.TOTL.ZG latest non-null; raw=1.38060872293692; API lastupdated 2026-07-13; do not bar-mix with WEO without year badges

Singapore0.90
2025
World Bank WDI FP.CPI.TOTL.ZG · year 2025 · as_of 2026-09-11
Observation notes

WDI FP.CPI.TOTL.ZG latest non-null; raw=0.902998495002676; API lastupdated 2026-07-13; do not bar-mix with WEO without year badges

Timor-Leste0.43
2025
World Bank WDI FP.CPI.TOTL.ZG · year 2025 · as_of 2026-09-11
Observation notes

WDI FP.CPI.TOTL.ZG latest non-null; raw=0.428322848346937; API lastupdated 2026-07-13; do not bar-mix with WEO without year badges

Thailand-0.13
2025
World Bank WDI FP.CPI.TOTL.ZG · year 2025 · as_of 2026-09-11
Observation notes

WDI FP.CPI.TOTL.ZG latest non-null; raw=-0.133634356480207; API lastupdated 2026-07-13; do not bar-mix with WEO without year badges

Brunei-0.30
2025
World Bank WDI FP.CPI.TOTL.ZG · year 2025 · as_of 2026-09-11
Observation notes

WDI FP.CPI.TOTL.ZG latest non-null; raw=-0.302994414446762; API lastupdated 2026-07-13; do not bar-mix with WEO without year badges

Philippines highlighted. Gaps have no bars; scales remain fixed in peer mode.

Policy rates

% per annum

BIS / central banks · August 2026
Country% per annum
06
YearSource & notes
Indonesia5.75
2026
BIS central bank policy rates (WS_CBPOL) + official CB cross-check · year 2026 · as_of 2026-09-11
Observation notes

BIS WS_CBPOL monthly end-of-period (Bank Indonesia BI-Rate / 7-day RR); cross-check BI homepage 5.75% as of 19-Aug-2026; TIME_PERIOD=2026-08 monthly end-of-period

Philippines5.00
2026
BIS central bank policy rates (WS_CBPOL) + official CB cross-check · year 2026 · as_of 2026-09-11
Observation notes

BIS WS_CBPOL monthly (BSP Target RRP); cross-check BSP raise to 5.00% effective 27-Aug-2026; TIME_PERIOD=2026-08 monthly end-of-period

Malaysia2.75
2026
BIS central bank policy rates (WS_CBPOL) + official CB cross-check · year 2026 · as_of 2026-09-11
Observation notes

BIS WS_CBPOL monthly (BNM Overnight Policy Rate); cross-check BNM OPR Decisions hold at 2.75% on 09-Jul-2026; TIME_PERIOD=2026-08 monthly end-of-period

Thailand1.00
2026
BIS central bank policy rates (WS_CBPOL) + official CB cross-check · year 2026 · as_of 2026-09-11
Observation notes

BIS WS_CBPOL monthly (BoT 1-day bilateral repo); cross-check BoT MPC Decision 4/2026 maintain 1.00% on 26-Aug-2026; TIME_PERIOD=2026-08 monthly end-of-period

Brunei—GAP · not zero2026
BIS WS_CBPOL (no series) / official CB not locked · year 2026 · as_of 2026-09-11
Observation notes

Brunei dollar interchangeable with SGD; no standalone BI-style policy rate in BIS CBPOL — rate cell empty

Cambodia—GAP · not zero2026
BIS WS_CBPOL (no series) / official CB not locked · year 2026 · as_of 2026-09-11
Observation notes

NBC tools (RR, bills, liquidity) — no BIS CBPOL series; rate cell empty

Laos—GAP · not zero2026
BIS WS_CBPOL (no series) / official CB not locked · year 2026 · as_of 2026-09-11
Observation notes

BoL base policy rate exists but not in BIS CBPOL extract — rate cell empty (no secondary invention)

Myanmar—GAP · not zero2026
BIS WS_CBPOL (no series) / official CB not locked · year 2026 · as_of 2026-09-11
Observation notes

Conflict-era data / policy uncertainty; no BIS CBPOL series — rate cell empty

Singapore—GAP · not zero2026
BIS WS_CBPOL (no series) / official CB not locked · year 2026 · as_of 2026-09-11
Observation notes

MAS exchange-rate-centred policy (S$NEER band) — NOT a policy interest rate; leave policy_rate empty (do not use SORA as fake policy rate)

Vietnam—GAP · not zero2026
BIS WS_CBPOL (no series) / official CB not locked · year 2026 · as_of 2026-09-11
Observation notes

SBV refinancing/discount tools + credit guidance — no BIS CBPOL series; official SBV page not locked in this pack — rate cell empty

Timor-Leste—GAP · not zero2026
BIS WS_CBPOL (no series) / official CB not locked · year 2026 · as_of 2026-09-11
Observation notes

USD dollarised; no domestic policy rate — rate cell empty

Philippines highlighted. Gaps have no bars; scales remain fixed in peer mode.

Monetary frameworks

Pack classifications, not policy rates. Singapore uses the S$NEER exchange-rate band; Brunei is linked to SGD.

  • Brunei: exchange rate centred
    Derived framework chip from CB mandate descriptions (not a rate) · year 2026 · as_of 2026-09-11
  • Cambodia: other
    Derived framework chip from CB mandate descriptions (not a rate) · year 2026 · as_of 2026-09-11
  • Indonesia: inflation targeting
    Derived framework chip from CB mandate descriptions (not a rate) · year 2026 · as_of 2026-09-11
  • Laos: other
    Derived framework chip from CB mandate descriptions (not a rate) · year 2026 · as_of 2026-09-11
  • Malaysia: inflation targeting
    Derived framework chip from CB mandate descriptions (not a rate) · year 2026 · as_of 2026-09-11
  • Myanmar: other
    Derived framework chip from CB mandate descriptions (not a rate) · year 2026 · as_of 2026-09-11
  • Philippines: inflation targeting
    Derived framework chip from CB mandate descriptions (not a rate) · year 2026 · as_of 2026-09-11
  • Singapore: exchange rate centred
    Derived framework chip from CB mandate descriptions (not a rate) · year 2026 · as_of 2026-09-11
  • Thailand: inflation targeting
    Derived framework chip from CB mandate descriptions (not a rate) · year 2026 · as_of 2026-09-11
  • Vietnam: other
    Derived framework chip from CB mandate descriptions (not a rate) · year 2026 · as_of 2026-09-11
  • Timor-Leste: other
    Derived framework chip from CB mandate descriptions (not a rate) · year 2026 · as_of 2026-09-11

Key findings from this pack

  • The WEO measures are not mixed with WDI or policy rates. Singapore’s exchange-rate framework and unseeded rate cells remain explicit.
  • Thailand has softer projected inflation than the Philippines; Myanmar needs conflict and source-vintage context.
  • Read source, year and as_of; gaps are not zeros.

Methods & coverage

WEO 2026 projections, WEO 2025 estimates/actuals and WDI observations remain separate. Myanmar WEO 2026 inflation is 19%; the †2019 caveat belongs to its separate WDI observation, displayed only as a footnote. Rates are the locked August 2026 observations, not live rates. Singapore uses an exchange-rate-centred framework; SORA is not substituted. Vietnam, Cambodia, Laos, Myanmar, Brunei and Timor-Leste rate cells remain empty. Pack framework chips are classifications, not rates or an averaged score.

Gaps & revisions · Pack definitions · Provenance

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ASEAN in Data (2026). Inflation & policy rates. /topics/inflation-policy-rates

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