In September 2024, the Consumer Price Index (CPI) registered a 0.4 per cent decrease
compared to September 2023, according to a press release from the Department of Economic Planning and Statistics (DEPS) of the Ministry of Finance and Economy (MoFE).
This was driven by 0.4 per cent and 0.5 per cent decrease in the Food and Non-Alcoholic Beverages; and Non-Food indices, respectively.
The decrease in the Food and Non-Alcoholic Beverages index was mainly attributed to the fall in processed meat prices under the Meat category (1.7 per cent); and the prices of cooking oils under the Oil and Fats category (6.4 per cent).
As for the decrease in the Non-Food index, the cost of maintenance and repair of the dwelling was the primary factor in the decline of Housing, Water, Electricity, Gas and Other Fuels category (1.3 per cent). In addition, lower prices of motor cars in the Transport category (0.7 per cent) has also contributed to the decrease in the Non-Food index.
For the month-on-month comparison, the CPI in September 2024 registered a decrease of 0.3 per cent from August 2024. This was due to decreases in both Food and Non-Alcoholic Beverages; and Non-Food indices by 0.2 per cent and 0.3 per cent respectively.
The decrease in the Food and Non-Alcoholic Beverages index was mainly contributed by Vegetables (1.9 per cent); and Meat (0.3 per cent). As for the Non-Food index, the decrease was mainly driven by the prices of Transport (1.9 per cent); and Housing, Water, Electricity, Gas and Other Fuels (0.3 per cent).
The CPI is a measure of price changes of basket 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 September 2024 is available from the DEPS website at https://deps.mofe.gov.bn.
