Monday October 07 2019
Brunei Inflation Rate at -0.80 percent
Consumer prices in Brunei declined by 0.8 percent year-on-year in August 2019, the eighth straight month of drop, after a 0.5 percent fall in the prior month. Prices of food & non-alcoholic beverages fell 1.2 percent year-on-year in August, steeper than a 0.6 in July, mainly due to rice and cereals (2.8%), meat (1.1%) and fish & seafood (1.7%). Also, there were decreases in cost of transport (-3.5% vs -4.2%), housing, water, electricity, gas & other fuels(-2% vs -2%), miscellaneous goods & services (-0.7% vs 0.1%), furnishing, household equipment & routine maintenance (-1.3% vs -0.9%), and clothing & footwear (-6.2% vs -0.7%). At the same time, cost slowed a bit for both restaurants & hotels (4.6% vs 4.7%) and recreation & culture (2.6% vs 2.7%). Meanwhile, inflation was unchanged for health (at 1%). On a monthly basis, consumer prices decreased 0.3 percent in August, following a 0.5 percent rise in July.