Brunei’s Consumer Price Index (CPI) in October 2019 decreased by 0.3 per cent year-on-year compared to October 2018. Prices of Food and Non-Alcoholic Beverages decreased by 0.7 per cent. Non-Food prices also decreased by 0.2 per cent.
The CPI decrease was largely attributed to decreases in the prices and costs of Transport (3.7 per cent); Housing, Water, Electricity, Gas and Other Fuels (1.7 per cent); and Food and Non-Alcoholic Beverages (0.7 per cent). However, this was moderated by increases in the prices and costs of Restaurants and Hotels (5.0 per cent); Recreation and Culture (1.7 per cent); and Furnishings, Household Equipment and Routine Household Maintenance (1.2 per cent).
Prices of Transport declined due to decreases in prices of motor cars; spare parts of vehicles and air tickets. Meanwhile, the decrease in the prices of Housing, Water, Electricity, Gas and Other Fuels was due to decreases in rentals for housing, and materials for the maintenance and repair of the dwelling. The decrease in Food and Non-Alcoholic Beverages was due to decreases in prices of biscuits; cooking oils; and fish and seafood.
On a month-on-month basis, the CPI in October 2019 decreased by 0.1 per cent compared to September 2019. Both the Food and Non-Alcoholic Beverages Index and the Non-Food Index also decreased by 0.1 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 (HES). The CPI full report for October 2019 is available from DEPD’s website: www.depd.gov.bn.