The Department of Economic Planning and Development, Ministry of Finance and Economy in a media statement explained that the Consumer Price Index, CPI, in May 2019 decreased by Point 6 per cent year-on-year compared to May 2018.
Prices of Food and Non-Alcoholic Beverages decreased by Point 7 percent. Meanwhile, Non-Food prices decreased by Point 6 per cent
The CPI decrease was largely attributed to decreases in the prices and costs of Clothing and Footwear (6.1 per cent); Housing, Water, Electricity, Gas and Other Fuels (2.7 per cent); and Food and Non-Alcoholic Beverages (Point 7 per cent). However, this was moderated by increases in prices and costs of Health (3.3 per cent); Recreation and Culture (2 per cent); and Restaurants and Hotels (Point 5 per cent).
Prices of Clothing and Footwear decreased following the decrease in prices of garments and clothing materials. Meanwhile, the decrease in the prices of Housing, Water, Electricity, Gas and Other Fuels was due to low prices of rental and materials for the maintenance and repair of dwellings. The decline in Food and Non-Alcoholic Beverages was attributed to the reduced prices of chicken, eggs, as well as mineral water and soft drinks.
On a month-on-month basis, the CPI in May 2019 decreased by Point 3 per cent compared to April 2019. The Food and Non-Alcoholic Beverages Index decreased by Point 1 per cent, while the Non-Food Index decreased by Point 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. The CPI full report for May 2019 is available from JPKE's website at www.depd.gov.bn.
Source: Radio Television Brunei