CPI up 0.2 per cent year-on-year

|     Hakim Hayat     |

THE Consumer Price Index (CPI) in November 2018 increased by 0.2 per cent year-on-year compared to November 2017 due to an increase in prices of food and non-alcoholic beverages by 0.9 per cent while non-food prices decreased by 0.002 per cent, according to statistics released by the Department of Economic Planning and Development (JPKE).

The CPI increase was mainly due to increases in prices and costs of recreation and culture (2.4 per cent); food and non-alcoholic beverages (0.9 per cent); and transport (0.6 per cent).

This was however moderated by decreases in prices and costs of clothing and footwear (4.5 per cent); furnishings, household equipment and routine household maintenance (1.6 per cent); as well as housing, water, electricity, gas and other fuels (0.6 per cent).

Prices of recreation and culture increased following the rise in prices of packaged holidays/pilgrimages. Meanwhile, the increase in the prices of food and non-alcoholic beverages is attributed to the increase in prices of fish and seafood, rice and cereals and soft drinks. The increase in prices of Transport was due to the increase in prices of air tickets.

On a month-on-month basis, the CPI in November 2018 decreased by 0.1 per cent compared to October 2018. The Non-Food Index decreased by 0.2 per cent while the Food and Non-Alcoholic Beverages Index increased 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 November 2018 is available from JPKE’s website www.depd.gov.bn.