The Consumer Price Index, CPI in August 2018 increased by point 3 percent year-on-year compared to August 2017. According to the Department of Economic Planning and Development, prices of Food & Non-Alcoholic Beverages increased by 2 point 2 percent year-on-year, while Non-Food prices decreased by point 2 per cent year-on-year.
The rise was mainly due to increases in the price and cost of Food & Non-Alcoholic Beverages; Education; Recreation and Culture. However, this was moderated by decreases in the price of Clothing and Footwear; Furnishings, Household Equipment's and Routine Household Maintenances; as well as Housing, Water, Electricity, Gas and other Fuels.
Food & Non-Alcoholic Beverages rose, following an increase in the price of fish and seafood, soft drinks and meat. Meanwhile, the increase in the cost of education is attributed to the increase in school fees of selected private primary and secondary schools. Recreation and culture rose due to higher prices of holiday and pilgrimage packages.
On a month-to-month basis, the CPI rose by point 1 percent compared to July 2018. The Food & Non-Alcoholic Beverages Index increased by point 5 percent. Meanwhile the Non-Food Index increased by point 4 percent. 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 full report of the CPI for August 2018 is available from the website www.jpke.gov.bn.
Source: Radio Television Brunei