The Consumer Price Index (CPI) for March 2019 decreased by point 0-5 per cent year-on-year compared to March 2018. According to the Department of Economic Planning and Development, JPKE prices of Food and Non-Alcoholic Beverages slipped by point 5 per cent, while Non-Food prices increased by point 1 per cent.
The CPI decrease was largely attributed to decreases in the prices and costs of Housing, Water, Electricity, Gas and Other Fuels; Food and Non-Alcoholic Beverages; as well as Furnishings, Household Equipment and Routine Household Maintenance. However, this was moderated by increases in prices and costs of Health; Recreation and Culture; and Transport. Prices of Housing, Water, Electricity, Gas and Other Fuels stumbled following the slipping prices of rental and materials for the maintenance and repair of dwellings. Meanwhile, the decrease in the prices of Food and Non-Alcoholic Beverages was due to low prices of vegetables, chicken and eggs. The decline in Furnishings, Household Equipment and Routine Household Maintenance was attributed to the reduced prices of living/dining room furniture and bedroom furniture.
On a month-on-month basis, the CPI for March 2019 rose by point 5 percent compared to February 2019. The Food and Non-Alcoholic Beverages Index climbed by point 1 per cent, while the Non-Food Index increased by point 6 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 CPI full report for March 2019 is available from JPKE's website at www.depd.gov.bn
Source: Radio Television Brunei