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Brunei CPI decreases by 0.02pc year-on-year in October 2018
THE Consumer Price Index (CPI) of Brunei Darussalam in October 2018 decreased by 0.02 per cent year-on-year compared to October 2017 due to a decrease in Non-Food prices by 0.3 per cent year-on-year.
Meanwhile, prices of Food and Non-Alcoholic Beverages increased by 1.1 per cent year-on-year, according to a release from the Department of Economic Planning and Development (JPKE) at the Ministry of Finance and Economy.
The CPI decrease was mainly due to decreases in prices and costs of Clothing and Footwear (5.7 per cent); Furnishings, Household Equipment and Routine Household Maintenance (1.3 per cent); and Housing, Water, Electricity, Gas and Other Fuels (0.6 per cent).
However, this was moderated by increases in prices and costs of Recreation and Culture (1.8 per cent); Education (1.7 per cent); as well as Food and Non-Alcoholic Beverages (1.1 per cent).
Prices of Clothing and Footwear decreased following the fall in prices of clothing material and footwear. Meanwhile, the decrease in the prices and costs of Furnishings, Household Equipment and Routine Household Maintenance took into account lower prices of furniture and furnishings as well as household appliances.
The decrease in prices of Housing, Water, Electricity, Gas and Other Fuels was due to lower prices of rentals for housing.
On a month-on-month basis, the CPI in October 2018 decreased by 0.4 per cent compared to September 2018.
The Food and Non-Alcoholic Beverages Index decreased by 0.2 per cent while the Non-Food Index decreased by 0.4 per cent.
The CPI is a measure of price changes of goods and services paid by the consumer in a specified period and compiled on a monthly basis.
The list of goods and services in the CPI is based on the average expenditure per household from the Household Expenditure Survey (HES). The CPI full report for October 2018 is available from JPKE’s website: www.depd.gov.bn.
Source: https://borneobulletin.com.bn/brunei-cpi-decreases-by-0-02pc-year-on-year-in-october-2018/