Brunei's June price hike crawls 0.3%
Sunday, August 19, 2007
PRICES of a few food items sold in the sultanate rose up to 7.3 per cent in June from the previous month, contributing to the slight increase in the Consumer Price Index (CPI).
While the rise in the retail prices of these goods was significant, this did not push up the total price increase level of Brunei's select basket of goods and services.
This can be attributed to an equally notable decrease in the retail prices of some vegetables and fresh fish of as much as 6.8 per cent, according to the latest data released by the Department of Economic Planning and Development (JPKE), Prime Minister's Office.
The eight product groups recorded to have been sold at a much higher price month on month were: vegetable oil at 7.3 per cent, condensed milk at 6.7, assorted biscuits at 6.6, palm oil at 5.9, apples at 5.0, cornflakes at 3.7, fruit cocktail at 2.2 and oranges at 2.2.
On the other hand, prices of the following items slipped from May to June this year: sea-bream at 6.6 per cent, golden toothless trevalley at 6.1, choy sam at 6.1, red snapper at 3.6, trevalley at 3.2, chub mackerel at 2.5, gourd at 2.4 and Chinese brocolli at 2.4.
Since food and non-alcoholic beverages account for nearly a third of Brunei's basket of consumer goods used to measure price changes, this contributed to the overall rise in the CPI for June.
Transport also recorded a 0.3 per cent rise in prices, which JPKE attributed to more expensive airfares during the school holiday.
This category account for more than a fourth of the total weight of the CPI basket.
The CPI in June was 0.8 per cent higher than that of the same period last year.
Overall, the CPI for the first half of this year decreased 0.2 per cent from the same period last year.
The Brunei Times
While the rise in the retail prices of these goods was significant, this did not push up the total price increase level of Brunei's select basket of goods and services.
This can be attributed to an equally notable decrease in the retail prices of some vegetables and fresh fish of as much as 6.8 per cent, according to the latest data released by the Department of Economic Planning and Development (JPKE), Prime Minister's Office.
The eight product groups recorded to have been sold at a much higher price month on month were: vegetable oil at 7.3 per cent, condensed milk at 6.7, assorted biscuits at 6.6, palm oil at 5.9, apples at 5.0, cornflakes at 3.7, fruit cocktail at 2.2 and oranges at 2.2.
On the other hand, prices of the following items slipped from May to June this year: sea-bream at 6.6 per cent, golden toothless trevalley at 6.1, choy sam at 6.1, red snapper at 3.6, trevalley at 3.2, chub mackerel at 2.5, gourd at 2.4 and Chinese brocolli at 2.4.
Since food and non-alcoholic beverages account for nearly a third of Brunei's basket of consumer goods used to measure price changes, this contributed to the overall rise in the CPI for June.
Transport also recorded a 0.3 per cent rise in prices, which JPKE attributed to more expensive airfares during the school holiday.
This category account for more than a fourth of the total weight of the CPI basket.
The CPI in June was 0.8 per cent higher than that of the same period last year.
Overall, the CPI for the first half of this year decreased 0.2 per cent from the same period last year.
The Brunei Times
Business Besides Oil
