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Consumer Price Index Decreased by 0.5 Per Cent in March 2024

​24 April 2024


The Consumer Price Index (CPI) in March 2024 registered a decrease of 0.5 per cent compared to March 2023, mainly driven by a 1.0 per cent decrease in the Non-Food index. Meanwhile, the Food and Non-Alcoholic Beverages index recorded an increase of 1.5 per cent.

The decrease in the Non-Food index was mainly due to a fall in the prices of Clothing and Footwear (13.1 per cent); and Communication (2.8 per cent) particularly internet services. 

Meanwhile, an increase in the Food and Non-Alcoholic Beverages index was driven by the rise in the prices of Non-Alcoholic Beverages (10.8 per cent) particularly ready-to-consume drinks; and Milk, Dairy Products and Eggs (3.8 per cent). 

Compared to February 2024, both the Food and Non Alcoholic Beverages index and Non Food index have increased by 0.1 per cent contributing to an overall increase by 0.1 per cent in the CPI in March 2024. 

Food and Non-Alcoholic Beverages index was contributed by prices of Fish and Seafood (0.7 per cent); and Meat (0.4 per cent). Meanwhile, the Non-Food index was due to costs of Recreation and Culture (1.4 per cent), particularly holiday and umrah packages; and Clothing and Footwear (1.2 per cent). 

The CPI is a measure of price changes of basket 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 March 2024 is available from the DEPS website at https://deps.mofe.gov.bn


Full Report: Consumer Price Index March 2024 Full Report

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