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BANDAR SERI BEGAWAN (Borneo Bulletin/Asia Information Community): The rise in fish and seafood costs is because of unfavourable climate and labour scarcity.
In the meantime, the rise in meals and non-alcoholic drinks was because of the rise in costs of meals resembling oil and fat by 20.5 per cent; meat 11.4 per cent; and fish and seafood 6.9 per cent.
The rise within the worth of oil and fat is primarily on account of a rise within the worth of cooking oil, which corresponds to a rise in import costs on account of a rise within the worth of vegetable oil and palm oil enter supplies.
Rooster meat is the primary contributor to the rise in meat costs, because of the improve in the price of hen feed.
In Might 2022, the Shopper Worth Index (CPI) decreased by 0.3 per cent in comparison with April 2022.
This was pushed by the lower within the Non-Meals Index by 0.4 per cent. Nevertheless, the decline within the index was offset by a rise within the Meals and Non-Alcoholic Drinks Index by 0.3 per cent.
For year-on-year modifications, the CPI elevated by 3.8 per cent in comparison with Might 2021. The rise within the CPI was in keeping with the rise in meals and non-alcoholic drinks and non-food costs by 5.4 per cent and three.4 per cent.
The rise within the non-food part was pushed by miscellaneous items and providers at 14.5 per cent; transport at 4.9 per cent; and housing, water, electrical energy, fuel and different fuels at 2.3 per cent.
Miscellaneous items and providers’ costs rose primarily because of the improve within the worth of car insurance coverage.
In the meantime, the rise in transport was primarily because of the rise in motor automobiles and air fares. The rising value of upkeep and restore of the dwelling in addition to costs of rental for housing drove up housing, water, electrical energy, fuel and different gasoline costs.
The CPI full report for Might 2022 is out there from the Division of Financial Planning and Statistics web site.
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