Brunei records 0.8 pct consumer prices drop in August

Source: Xinhua| 2019-10-06 22:35:16|Editor: yan
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BANDAR SERI BEGAWAN, Oct. 6 (Xinhua) -- Brunei's prices dropped by 0.8 percent in August this year compared to the same month in 2018 due to decreases in prices of food and non-alcoholic beverages, transportation, among others.

According to the latest statistics released on Sunday by the Department of Economic Planning and Development at the Ministry of Finance and Economy, the Consumer Price Index (CPI) for August 2019 showed both Food and Non-Alcoholic Beverages and Non-Food index have decreased by 1.2 percent and 0.8 percent, respectively.

Meanwhile, the Goods index has recorded a decrease of 1.2 percent, while the Services index increased by 0.9 percent.

The overall CPI decrease was largely attributed to a decrease in the prices and costs of Transport (3.5 percent); Clothing and Footwear (6.2 percent); and Food and Non-Alcoholic Beverages (1.2 percent).

On a monthly basis, the CPI has decreased by 0.3 percent compared to July 2019. For period-on-period, CPI for January to August 2019 registered a decrease of 0.5 percent compared to the same period last year.

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.