Consumer Price Index increases by 1.1pc in January

Brunei’s Consumer Price Index (CPI) in January 2020 increased by 1.1 per cent year-on-year compared to January 2019. Prices of Food and Non-Alcoholic Beverages increased by 0.3 per cent. Non-Food prices also increased by 1.3 per cent.

The CPI increase was largely attributed to increases in the prices and costs of Miscellaneous Goods and Services (11.1 per cent); Restaurants and Hotels (5.4 per cent); and Furnishings, Household Equipment and Routine Household Maintenance (1.9 per cent). However, this was moderated by the decrease in price of Transport (2.4 per cent) and Housing, Water, Electricity, Gas and Other Fuels (1.6 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 Restaurant and Hotels was due to increase in price of catering services. The increase in Furnishings, Household Equipment and Routine Household Maintenance was due to a rise in prices of household textiles.

On a month-on-month basis, the CPI in January 2020 increased by 0.6 per cent compared to December 2019. The Food and Non-Alcoholic Beverages Index and the Non-Food Index have both increased by 0.7 per cent and 0.6 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 January 2020 is available from DEPS’s website: www.deps.gov.bn.