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Market Update: Brunei Inflation Rate Eases in July
The annual inflation rate in Brunei slowed to 1.5 percent in July 2021 from June’s 3-month high of 1.7 percent, amid a softer rise in prices of both restaurants and hotels (1.2% vs 1.5%) and recreation & culture (0.3% vs 0.4%). In addition, cost fell further for housing (-0.2% vs -0.2%), clothing & footwear (-6.1% vs -0.3%), furnishing (-2.0% vs -1.6%), and communication (-0.05% vs -0.02%). By contrast, inflation was steady for health (at 0.8%) and miscellaneous goods and services (at 0.3%). At the same time, prices continued to increase for both food and non-alcoholic beverages (1.9% vs 0.9%) and transport (7.5% vs 6.7%). On a monthly basis, consumer prices were down 0.2 percent in July, reversing from a 0.6 percent rise in June. source: Department of Economic Planning and Development, Brunei [/s2If]
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