The Consumer Price Index (CPI) in November 2018 increased by 0.2 percent year-on-year compared to November 2017 due to an increase in prices of Food and Non-Alcoholic Beverages by 0.9 percent.

Meanwhile, Non-Food prices decreased by 0.002 percent. The CPI increase was mainly due to increases in prices and costs of Recreation and Culture; Food and Non-Alcoholic Beverages; and Transport. But this was moderated by decreases in prices and costs of Clothing and Footwear; Furnishings, Household Equipment and Routine Household Maintenance; as well as Housing, Water, Electricity, Gas and Other Fuels.

Prices of Recreation and Culture increased following the rise in prices of package holidays/pilgrimages. Meanwhile, increase in the prices of Food and Non-Alcoholic Beverages is attributed to the increase in prices of fish and seafood, rice and cereals and soft drinks. The increase in prices of Transport was due to the increase in prices of air tickets.

On a month-on-month basis, the CPI in November 2018 decreased by 0.1 percent compared to October 2018. The Non-Food Index decreased by 0.2 percent while the Food and Non-Alcoholic Beverages Index increased by 0.1 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 list of goods and services in the CPI is based on the average expenditure per household from the Household Expenditure Survey (HES). The CPI full report for November 2018 is available from DEPD's website at depd.gov.bn.

Source: Radio Television Brunei