CPI increases by 1.9pc year-on-year in April 2020

The Consumer Price Index (CPI) in April 2020 increased by 1.9 per cent year-on-year compared to April 2019. Prices of Food and Non-Alcoholic Beverages and Non-Food increased by three per cent and 1.7 per cent respectively.

According to the Department of Economic Planning and Statistics (DEPS) under the Ministry of Finance and Economy, the CPI increase was largely attributed to increases in the prices and costs of Miscellaneous Goods and Services (11.3 per cent); Furnishings, Household Equipment and Routine Household Maintenance (3.3 per cent); and Food and Non-Alcoholic Beverages (three per cent). However, this was moderated by the decrease in price of Communication (1.1 per cent), Restaurants and Hotels (0.3 per cent), and Transport (0.2 per cent). Prices of Miscellaneous Goods and Services increase mainly due to a rise in prices of insurance. Meanwhile, the increase in the prices of Furnishings, Household Equipment and Routine Household Maintenance was due to the increase in the price of household textiles.

The increase in Food and Non-Alcoholic Beverages was due to a rise in prices of imported vegetables.

On a month-on-month basis, the CPI in April 2020 increased by 0.2 per cent compared to March 2020. The Food and Non-Alcoholic Beverages Index and the Non-Food Index have both increased by 1.2 per cent and 0.01 per cent respectively.

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 April 2020 is available from DEPS website: www.deps.gov.bn.