ASEAN KEY DESTINATIONS
CPI declines by 1.8 per cent in January
Brunei: PRICES of goods and services declined by 1.8 per cent in January this year over December 2015, mainly due to lower transport costs, according to the latest data from the Department of Economic Planning and Development (JPKE).
In its Consumer Price Index report (CPI) issued recently, JPKE said transport index declined 5.3 per cent month on month due to to lower prices of car spare parts and accessories as well as cheaper air fare.
The housing, water, electricity, gas and other fuels index also decreased by four per cent due to lower house rentals.
Furnishings, household equipment and routine household maintenance index decreased by 1.8 per cent owing to decreased prices of household textiles, major household appliances (electric and non-electric), glassware, tableware and household utensils.
The food and non-alcoholic beverages index and the non-food index decreased by 0.4 per cent and 2.1 per cent, respectively.
JPKE said the decline in the prices of these products coincided with the Brunei Salebration which took place from December 7, 2015 until February 8, 2016.
The department said the lower prices of food, household furnishings and transport fare were offset by the increase in the prices of tuition and hotel/restaurant services.
The education index rose six per cent owing to higher tuition charged by private preschool, primary and secondary schools.
The restaurant and hotels index increased 0.4 per cent due to higher prices of select food items from restaurants and fast-food outlets and canteens as well as accommodation services.
The department said the CPI for January 2016 decreased by 1.2 per cent compared with January last year, mainly due to lower indices of transports (-5.1 change); housing, water, electricity, gas and other fuels (-4.2); and clothing and footwear (-3.6 per cent).
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
The Brunei Times
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