Consumer Price Index in June 2018

The Consumer Price Index CPI in June 2018 increased by 0.2 per cent year-on-year compared to June 2017. Through the Media Release Department of Economic Planning and Development, Prime Minister's Office recorded that prices of Food & Non-Alcoholic Beverages increased by 1.9 per cent year-on-year, while Non-Food prices decreased by 0.2 per cent year-on-year.

According to DEPD, the CPI increase in June 2018 was mainly due to increases in prices and costs of Food & Non-Alcoholic Beverages by 1.9 per cent; Education by 1.8 per cent; and Restaurants & Hotels by 1.2 per cent. However, this was moderated by decreases in prices and costs of Clothing & Footwear by 4.5 per cent; Transport by 1.0 per cent; and Housing, Water, Electricity, Gas & Other Fuels by 0.7 per cent.

On a month-on-month basis, the CPI in June 2018 decreased by 0.4 per cent compared to May 2018. The Food & Non-Alcoholic Beverages Index decreased by 0.6 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.

Source: Radio Television Brunei

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