ASEAN KEY DESTINATIONS
Brunei CPI down 0.4% in 2015
BRUNEI'S Consumer Price Index (CPI) fell by 0.4 per cent over the past year due to lower prices for transport, clothing and footwear, and education.
According to the latest report from the Department of Economic Planning and Development (JPKE), the cost of goods for the whole of 2015 was 0.4 per cent lower than the year before, noting price decreases in the index of Transport by 3.5 per cent, clothing and footwear by 3.5 per cent and education by 2.6 per cent.
The report released yesterday revealed the Transport cost had decreased due to lower cost of motor cars, bicycles, spare parts and accessories of vehicles, maintenance and repair of vehicles, passenger transport by air as well as transport by sea and inland water.
Meanwhile, cost of clothing and footwear went down due to lower cost of clothing materials, several garments, other articles of clothing and clothing accessories as well as shoes and other footwear.
The report also revealed that the cost of education went down 2.6 per cent due to lower fees of selected private school for pre-primary and primary education, secondary education as well as technical and vocational education.
Furnishings, Household Equipment and Routine Household Maintenance also went down 0.8 per cent due to lower cost of furniture and furnishings, carpets and other floor coverings, household textiles, household appliances as well as glassware, tableware and household utensils.
However, JPKE reported that costs have gone up in Housing (around 2.1 per cent) due to higher cost of rentals for housing as well as materials for the maintenance and repairs of the dwelling.
Cost of Food and Non-Alcoholic Beverages had also gone up on average about 0.8 per cent due to higher prices of meat (0.8 per cent), fish and seafood (3.0 per cent), milk, dairy products and eggs (1.2 per cent), fruits (3.5 per cent), vegetables (2.1 per cent) as well as other food products (1.0 per cent).
The CPI Index for restaurant and hotels rose 1.2 per cent due to higher prices of selected food items from restaurants, cafés, fast-food outlets and other eating places as well as accommodation services.
Meanwhile, the cost of Communication rose 0.7 per cent due to higher cost of telephone and telefax services, and the average prices of Miscellaneous Goods and Services went up 0.5 per cent due to higher cost of hairdressing, non-electric appliances for personal care; articles for personal hygiene, other products for personal care, financial services as well as other services.
In 2015, the cost of Healthcare went up 1.1 due to higher cost of medicinal preparations and patent medicines, medical products, therapeutic appliances and equipment, outpatient medical and dental services as well as paramedical and traditional services.
The report also revealed a month-on-month CPI increase for December 2015 at 0.5 per cent when compared to the previous month.
The increase was due to increases in Transport (4.3 per cent); Recreation and Culture (3.3 per cent); and Communication (0.2 per cent).
December’s Non-Food Index also increased by 0.6 per cent, while the Food and Non-Alcoholic Beverages Index decreased by less than 0.05 per cent.
On the other hand, decreases were recorded in Clothing and Footwear by 9.9 per cent followed by Furnishing, Household Equipment and Routine Household Maintenance (0.9 per cent); and Restaurants and Hotels (0.4 per cent).
Meanwhile, the index for Education remains unchanged.
Compared to December 2014, the CPI for December 2015 decreased by 1.0 per cent, mainly due to lower indices of Transport (0.6 per cent); Clothing and Footwear (8.0 per cent); and Education (2.8 per cent).
CPI is a measure of price changes of goods and services paid by the consumer in a specified period. The list of goods and services in the CPI is based on the average expenditure per household from the Household Expenditure Survey.
The full report for December and Annual 2015 is available from JPKE’s website: www.depd.gov.bn.
The Brunei Times
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