ASEAN KEY DESTINATIONS
July CPI report indicates decrease in transport, education costs
Brunei: THE Consumer Price Index (CPI) in July 2015 fell by 0.4 per cent compared to the same month in 2014 with decreases in transport, clothing and footwear and education recorded, the Department of Economic Planning and Development (JPKE) said the day before yesterday.
CPI is a measure of price changes of goods and services paid by the consumer in a specified period.
In its latest CPI report, JPKE said that the transport index decreased by 5.2 per cent on lower cost of purchase for motor cars, spare parts, vehicle accessories and the maintenance of vehicles along with passenger transport by air.
For clothing and footwear, a decrease of three per cent was recorded due to lower cost of several garments, other articles of clothing and accessories, charges for tailoring and cleaning as well as shoes and other footwear.
Prices for education fell by 2.8 per cent from the same month last year due to reduced fees of selected private school of pre-primary, primary education together decreases in technical and vocational education.
Meanwhile, food and non-alcoholic beverages increased by 1.4 per cent owing to the increases in prices of meat, fish and seafood, milk, dairy products and eggs, fruits, vegetables and other food products.
This is followed by increases in housing, water, electricity, gas and other fuels which rose by 2.3 per cent due to higher cost of rentals for housing as well as materials for the maintenance and repair of the dwelling.
Restaurants and hotels also increased by 2.4 per cent because of higher prices of selected food items from restaurants, cafes, fast-food outlets and other eateries as well as accommodation services.
In the first seven months of 2015, the average CPI decreased by 0.2 per cent compared to the same period in 2014.
Decreases of 4.2 per cent were recorded in clothing and footwear while furnishings, water, electricity, gas and other fuels fell by 1.3 per cent. Transport and education fell by 2.3 and 2.5 per cent respectively while recreation and culture decreased by 0.6 per cent.
For the same period, increases were recorded in food and non-alcoholic beverages with 0.5 per cent.
Same levels of increases were recorded for housing, water, electricity, gas and other fuels together with health with 2.1 per cent.
Meanwhile, on a month-on-month comparison, the CPI for July 2015 decreased by 0.5 per over June 2015 with decreases recorded in clothing and footwear and due to lower prices of garments and other articles of clothing.
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