The Consumer Price Index, CPI, for June 2019 decreased by point 7 percent year-on-year compared to the same period last year. Of that amount, prices of Food and Non-Alcoholic Beverages fell by point 5 per cent while Non-Food prices also stumbled by point 7 per cent. Starting June this year, the Department of Economic Planning and Development, JPKE, using the new base year based on the results of the Household Expenditure Survey 2015/16 to release the C.P.I statistics.
JPKE explained that the CPI decrease was largely attributed to decreases in the prices and costs of Transport; Clothing and Footwear; and Housing, Water, Electricity, Gas as well as Other Fuels. However, this was moderated by increases in the prices and costs of Restaurants and Hotels; Recreation and Culture as well as Education. Prices of transport also decreased following the decrease in prices of car and flight tickets. Meanwhile, the decrease in the prices of Clothing and Footwear was due to lower prices of garments, clothing material as well as tailoring and cleaning charges. The decline in Housing, Water, Electricity, Gas and Other Fuels was attributed to the reduced prices of rental and materials for the maintenance and repair of dwellings.
On a month-on-month basis, the CPI in June 2019 increased by point 0-1 per cent compared to May 2019. The Food and Non-Alcoholic Beverages Index increased by point 3 per cent, while the Non-Food Index decreased by point 0-5 per cent.
CPI is a measure of price changes of goods and services paid by the consumer in a specified period. The CPI full report for June 2019 together with information regarding the new base year is available on DEPD's website: 'www.depd.gov.bn'.
Source: Radio Television Brunei