Brunei - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Brunei was 100.95 as of 2020. As the graph below shows, over the past 43 years this indicator reached a maximum value of 100.95 in 2020 and a minimum value of 49.40 in 1977.

Definition: Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data are period averages.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1977 49.40
1980 58.39
1981 63.72
1982 67.77
1983 68.56
1984 70.67
1985 72.34
1986 73.62
1987 74.54
1988 75.43
1989 76.41
1990 78.05
1991 79.30
1992 80.31
1993 83.73
1994 85.79
1995 90.91
1996 92.72
1997 94.31
1998 93.89
1999 93.50
2000 94.96
2001 95.53
2002 93.31
2003 93.59
2004 94.36
2005 95.53
2006 95.68
2007 96.61
2008 98.62
2009 99.64
2010 100.00
2011 100.14
2012 100.25
2013 100.64
2014 100.43
2015 99.94
2016 99.66
2017 98.41
2018 99.42
2019 99.03
2020 100.95

Development Relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series.

Limitations and Exceptions: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries.

Statistical Concept and Methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices