THE Consumer Price Index (CPI) in June 2016 has shown a decrease of 0.7 per cent over May 2016. Meanwhile, the Food and Non-Alcoholic Beverages and Non-Food Index both decreased by 0.6 per cent and 0.7 per cent, respectively.
According to a press release, the main factor associated with the fall of the month-on-month Consumer Price Index were recreation and culture Index by 2.6 per cent, mainly due to a decrease in prices of computers and computer accessories as well as natural plants and flower. This was followed by a decrease in the furnishings, household equipment and routine household maintenance index by 1.5 per cent, led by lower prices of several furniture and furnishings. The food and non-alcoholic beverages index also decreased by 0.6 per cent due to lower prices of rice and cereals (0.1 per cent), meat (0.5 per cent), fish and seafood (1.1 per cent), milk, dairy products and eggs (0.3 per cent), oil and fats (1.2 per cent), vegetables (1.5 per cent), sugar, jam, honey, chocolate and confectionery (0.2 per cent), other food products (0.8 per cent), coffee, tea and cocoa (0.5 per cent) as well as mineral waters, soft drinks, fruit and vegetable juices (0.9 per cent).
On the other hand, the restaurants and hotel index recorded an increase of 0.5 per cent due to higher prices of food at the selected restaurants and cafes. Health index also increase by 0.2 per cent mainly due to higher prices of medicinal preparations and patent medicines. Meanwhile, indices for housing, water, electricity, gas and other fuel; and education remained unchanged.
In comparison to June 2015, the CPI for June 2016 has decreased by 1.1 per cent, mainly due to fall in indices of housing, water, electricity, gas and other fuels by 4.2 per cent; transport (1.5 per cent); and food and non-alcoholic beverages (1.4 per cent).
CPI is a measure of price changes of goods and services paid by the consumer in a specified period. The list of goods and services in the CPI is based on the average expenditure per household from the Household Expenditure Survey. The CPI full report for June 2016 is available from JPKE’s website: www.depd.gov.bn.
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