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December CPI up 0.05pc – Borneo Bulletin Online

|     Danial Norjidi     |

THE Consumer Price Index (CPI) in December 2018 increased by 0.05 per cent year-on-year compared to December 2017 due to an increase in prices of food and non-alcoholic beverages by 0.3 per cent, while non-food prices decreased by 0.004 per cent.

This is according to a press release from the Department of Economic Planning and Development (JPKE), which stated that the CPI increase was largely attributed to increases in the prices and costs of recreation and culture (two per cent); education (1.7 per cent); and food and non-alcoholic beverages (0.3 per cent).

This was moderated by decreases in prices and costs of furnishings, household equipment and routine household maintenance (1.6 per cent); miscellaneous goods and services (one per cent); as well as housing, water, electricity, gas and other fuels (0.7 per cent).

It was also noted that prices of recreation and culture increased following the rise in prices of package holidays/pilgrimages.

Meanwhile, the increase in the cost of education is attributed to the increase in school fees of primary and secondary education in selected private schools. The increase in prices of food and non-alcoholic beverages was due to the increase in prices of fish and seafood; cocoa-based beverages; and other food products.

The press release added that for the whole of 2018, the CPI increased by 0.1 per cent compared to 2017. It was shared that the Food and Non-Alcoholic Beverages Index increased by 1.9 per cent while the Non-Food Index decreased by 0.3 per cent.

The CPI is a measure of price changes of goods and services paid by the consumer in a specified period and compiled on a monthly basis. The list of goods and services in the CPI is based on the average expenditure per household from the Household Expenditure Survey (HES).

The CPI full report for December and Annual 2018 is available on JPKE’s website www.depd.gov.bn.


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