THE Consumer Price Index (CPI) increased by 1.6 per cent in November 2014, the Department of Economic Planning and Development (JPKE) said.
An increase of 7.4 per cent was recorded in Transport due to higher cost of passenger transport services by air. Recreation and Culture increased by two per cent due to higher prices of magazines and periodicals as well as package holidays and pilgrimages.
Clothing and Footwear also increased by one per cent due to higher prices of clothing materials, several garments as well as other articles of clothing and clothing accessories.
Meanwhile, a decrease of 0.5 per cent was recorded in Furnishings, Household Equipment and Routine Household Maintenance due to lower cost of household textiles, household appliances as well as glassware, tableware and household utensils. Miscellaneous Goods and Services decreased by 0.1 per cent due to lower cost of travel goods and bags. Restaurants and Hotels also decreased by less than 0.05 per cent due to lower prices of selected food items from restaurants and cafés.
CPI for December 2014 increased by 1.2 per cent compared to December 2013, largely due to higher indices of Transport; Clothing and Footwear; and Miscellaneous Goods and Services.
The average CPI in 2014 was 100.4 compared to 100.6 in 2013. This resulted in a decrease in inflation rate of 0.2 per cent over period of 12 months (January to December) in 2014.
This was mainly due to the lower index for Furnishing, Household Equipment and Routine Household Maintenance; Recreation and Culture; Clothing and Footwear; Housing, Water, Electricity, Gas and Other Fuels; and Food and Non-Alcoholic Beverages.
CPI is a measure of price changes of goods and services paid by the consumer in a specified period. 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 December and Annual 2014 is available from JPKE’s website: www.depd.gov.bn.