JPKE: Food, clothing prices drop while health costs rise

THE Consumer Price Index (CPI) in May 2019 decreased by 0.6 per cent year-on-year, compared to May 2018, said the Department of Economic Planning and Development (JPKE) under the Ministry of Finance and Economy, in a press statement issued yesterday.

The statement also said that the prices of food and non-alcoholic beverages have decreased by 0.7 per cent, while non-food prices decreased by 0.6 per cent.

The CPI decrease was largely attributed to a decrease in the prices and costs of clothing and footwear (6.1 per cent); housing, water, electricity, gas and other fuels (2.7 per cent); and food and non-alcoholic beverages (0.7 per cent).

However, this was moderated by an increase in prices and costs of health (3.3 per cent); recreation and culture (2.0 per cent); and restaurants and hotels (0.5 per cent).

Prices of clothing and footwear have also decreased, following the decrease in prices of garments and clothing materials.

Meanwhile, the decrease in the prices of housing, water, electricity, gas and other fuels was due to low prices of rental and materials for the maintenance and repair of dwellings.

The decline for food and non-alcoholic beverages was attributed to the reduced prices of chicken and eggs, as well as mineral water and soft drinks.

On a month-on-month basis, the CPI in May 2019 decreased by 0.3 per cent compared to April 2019.

The Food and Non-Alcoholic Beverages Index decreased by 0.1 per cent, while the non-Food Index decreased by 0.4 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 May 2019 is available from the JPKE website at www.depd.gov.bn.