Brunei’s Consumer Price Index up by 2.1pc

The Consumer Price Index (CPI) in August 2020 increased by 2.1 per cent year-on-year in Brunei Darussalam compared to August last year. Prices of food and non-alcoholic beverages increased by 2.5 per cent, while non-food prices increased by two per cent.

The increase was largely attributed to increases in the prices and costs of miscellaneous goods and services (11.4 per cent), food and non-alcoholic beverages (2.5 per cent); and transport (1.6 per cent).

However, this was moderated by the decrease in prices and costs of restaurants and hotels (one per cent), recreation and culture (0.1 per cent); and housing, water, electricity, gas and other fuels (0.02 per cent).

The increase in prices of miscellaneous goods and services was mainly due to increases in the price of insurance, personal effects, and other services.

Prices of food and non-alcoholic beverages was driven by the hike in prices of mineral water and soft drinks, specifically selected non-aerated soft drinks.

Meanwhile, rising meat import prices and low supply of vegetable due to the COVID-19 pandemic restrictions have led to an increase in the index.

The rise in prices of transport was largely attributed to the prices of air tickets to cover operational costs from limited scheduled flights.

On a month-on-month basis, the CPI in August 2020 decreased by 0.2 per cent compared to July 2020. The Food and Non-Alcoholic Beverages Index increased by 0.05 per cent while the Non-Food Index decreased by 0.2 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 August 2020 is available from the Department of Economic Planning and Statistics (JPES) website www.deps.gov.bn.