ASEAN KEY DESTINATIONS
CPI rises 0.5% in February
BRUNEI’S Consumer Price Index (CPI) increased by 0.5 per cent in February 2016 from the previous month due to higher prices in the Clothing and Footwear index, the Department of Economic Planning and Development (JPKE) said the day before yesterday.
In a press release, JPKE said that prices for Clothing and Footwear rose by 7.3 per cent, an increase which was attributed to the prices of clothing materials, garments as well as shoes and other footwear.
This is followed by a 1.1 per cent increase in Furnishings, Household Equipment and Routine Household Maintenance due to higher costs of furniture and furnishings, household textiles, appliances and non-durable goods.
The Transport index also increased by 0.4 per cent due to the higher costs of passenger transport by air.
“The increase in the cost (is) due to most goods and services returning to their original price after the end of Brunei Salebration from December 7, 2015 until February 8, 2016,” the press release stated.
Meanwhile, the Non-Food index increased by 0.7 per cent in February 2016 on a month-to-month basis while the Non-Alcoholic Beverages index fell by 0.2 per cent.
JPKE said that the decrease of the Non-Alcoholic Beverages index is due to lower prices of fish and seafood, oil and fats, fruits, vegetables, sugar, jam, honey, chocolate and confectionery, other food products, coffee, tea and cocoa as well as mineral waters, soft drinks, fruit and vegetable juices.
As for Communication, JPKE said that lower costs of telephone and telefax equipment contributed to a 0.1 per cent decrease in the index.
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