ASEAN KEY DESTINATIONS
Brunei CPI up 0.4% in August
BRUNEI’S consumer price index (CPI) rose 0.4 per cent in August over the previous month owing to higher prices of clothing and footwear, the Department of Economic Planning and Development (JPKE) reported yesterday.
JPKE said clothing and footwear index increased by 7.4 per cent as prices of textiles, garments, accessories and shoes went up last month.
The furnishings, household equipment, and routine household maintenance index also increased 2.4 per cent. JPKE attributed this to higher cost of furniture and furnishings, household textiles, major household appliances (both electrical and non-electrical) as well as glassware, tableware and household utensils.
The food and non-alcoholic beverages index also went up by 0.3 per cent on the back of higher prices of rice and cereals, meat, milk, dairy products and eggs, oil and fats, fruits, vegetables. sugar, jam, honey, chocolate and confectionery, coffee, tea and cocoa as well as mineral waters, soft drinks, fruit and vegetables juices.
Higher prices of select food items from restaurants and cafes resulted in a decrease of 0.9 per cent of the restaurants and hotels index.
The transport index decreased by 0.4 per cent due to lower car prices and air fare.
The recreation and culture price index decreased by 0.2 per cent owing to cheaper prices of audio visual equipment, computers and their accessories, books, magazines and periodicals as well as holidays and pilgrimages.
The education index was unchanged.
Despite the month on month increase, the CPI for August 2015 declined 0.8 per cent compared to August 2014 largely due to lower indices of transport, clothing and footwear as well as education.
The 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.– Fitri Shahminan
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