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ADB: Rising commodity prices to boost CPI
ADB: Rising commodity prices to boost CPI
Thursday, July 21, 2016 – THE continued drop in Brunei?s consumer price index (CPI) is expected to slow down as rising commodity prices gave a slight boost in regional inflation, according to a recent update from the Asian Development Bank (ADB). In its supplementary report to the 2016 Asian Development Outlook report published earlier this year, the ADB noted that rising commodity prices are putting upward pressure on inflation in the region though rates of consumer price remain low for most economies. The ADB reported that Brunei is forecasted to have deflation moderating slightly in 2016 as economic growth picks up, but noted that subsidies and price controls will continue to keep inflation low. According to statistics from the Department of Economic Development and Planning (JKPE), Brunei?s CPI had decreased by 0.4 per cent in 2015 and has dropped further by 0.5 per cent as of May 2016. Read More?