Brunei's CPI sees 0.2 pct year-on-year rise in November 2018

Source: Xinhua| 2019-01-10 23:01:34|Editor: Mu Xuequan
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BANDAR SERI BEGAWAN, Jan. 10 (Xinhua) -- Brunei's Consumer Price Index (CPI) in November 2018 increased by 0.2 percent year-on-year compared to November 2017, owing to the rise in prices of food and recreation, 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 Thursday, JPKE said the Food and Non-Alcoholic Beverages prices increased by 0.9 percent year-on-year and Non-food prices remained nearly unchanged.

The increase in the overall CPI in November was largely attributed to the rise in the indices of Recreation and Culture (2.4 percent); Food and Non-Alcoholic Beverages (0.9 percent)); and Transport (0.6 percent).

A senior manager of Baiduri Bank, the second biggest local bank by total assets in Brunei, told Xinhua that the country's CPI has been stable from January to November in 2018, which is supportive of local economic growth.

On a month-on-month basis, the CPI in November 2018 decreased by 0.1 percent as compared to October 2018.

Brunei's list of goods and services in the CPI is based on the average expenditure per household.