Consumer Price Index (CPI) For August 2019 Decreased By 0.8% Year-On-Year

The Consumer Price Index, CPI for August decreased by 0.8 per cent year-on-year compared to the same month last year. The Department of Economic Planning and Development, JPKE in its media release explained that the Prices of Food and Non-Alcoholic Beverages decreased by 1.2 per cent while Non-Food prices also decreased by 0.8 per cent.

According to JPKE's media release, the decrease was mainly attributed by the decreases in the prices and costs of Clothing and Footwear; followed by Transport as well as Food and Non-Alcoholic Beverages. However, this was moderated by the increases in the prices and costs of Restaurants and Hotels; Recreation and Culture; and Education.

Prices of Clothing and Footwear decreased due to offer price of garments. Meanwhile, the decrease in the prices of Transport, and Food and Non-Alcoholic Beverages were respectively attributed by prices of motor cars and air tickets, and prices of biscuits, fresh fish, and eggs.

On a month-on-month basis, the CPI in August 2019 decreased by 0.3 per cent compared to July 2019. The Food and Non-Alcoholic Beverages Index decreased by 0.2 per cent, while the Non-Food Index decreased by 0.3 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 CPI full report is available from JPKE's website ''.

Source: Radio Television Brunei

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