Brunei's CPI remains stable in October

Source: Xinhua| 2018-12-07 18:22:19|Editor: xuxin
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BANDAR SERI BEGAWAN, Dec. 7 (Xinhua) -- Brunei's Consumer Price Index (CPI) in October 2018 decreased by 0.02 percent year-on-year compared to October 2017, owing to stable Non-Food prices, according to the latest statistics from Brunei's Department of Economic Planning and Development (JPKE) at the Ministry of Finance and Economy.

In its monthly CPI report released on Friday, JPKE said that the Food and Non-Alcoholic Beverages prices increased by 1.1 percent and Non-Food prices decreased by 0.3 percent year-on-year.

A senior manager of Baiduri Bank, which is the second biggest local bank by total assets in Brunei, told Xinhua that there is no dramatic ups and downs in the country's CPI index for the past year, which is supportive of local economic growth.

On a month-a-month basis, the CPI in October 2018 decreased by 0.4 percent compared to September 2018.

CPI is a measure of price changes of goods and services paid by the consumer in a specified period. Brunei's list of goods and services in the CPI is based on the average expenditure per household.