Scribd
Upload
28 views3 pages

OBJECTIVES: (Sa PPT?)

The document discusses inflation rates in ASEAN countries from 2015-2019. In 2018, Myanmar had the highest inflation rate at 5.94% while Brunei had the lowest at 0.15%. The Philippines was second highest at 5.21%. From 2016-2019, Brunei consistently had the lowest inflation while Myanmar consistently had the highest. More recently, consumer prices in Brunei declined while costs increased in Myanmar, driven by currency depreciation and higher electricity prices. The largest consumer spending categories in Brunei and Myanmar are both food, though they differ on the lowest spending areas.

Uploaded by

Yoite Miharu
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
28 views3 pages

OBJECTIVES: (Sa PPT?)

The document discusses inflation rates in ASEAN countries from 2015-2019. In 2018, Myanmar had the highest inflation rate at 5.94% while Brunei had the lowest at 0.15%. The Philippines was second highest at 5.21%. From 2016-2019, Brunei consistently had the lowest inflation while Myanmar consistently had the highest. More recently, consumer prices in Brunei declined while costs increased in Myanmar, driven by currency depreciation and higher electricity prices. The largest consumer spending categories in Brunei and Myanmar are both food, though they differ on the lowest spending areas.

Uploaded by

Yoite Miharu
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 3

OBJECTIVES: (sa ppt?

)
* To know more about inflation, how it is measured and what causes it.
* To understand the past and current data of inflation of the Philippines and other
countries, then differentiate each other.
* To know the different factors and effects of inflation and deflation in the
countries.
* To understand the trend of the data gathered.
* To be updated with the current issues or news regarding inflation.
* To be familiar with other relevant facts about inflation.
* To be able to relate inflation with the previous topics discussed, i.e. gross
domestic product and unemployment.

Paedit na lang po ng grammar.


Among the ASEAN countries, Myanmar has the highest inflation rate of 5.94%
while Brunei Darussalam has the lowest with 0.15% in 2018. Meanwhile, the
Philippines has 5.21% next to Myanmar. Same ranking happened for Myanmar
and Brunei Darussalam in 2019 with the rate of 7.84% and 0.07%, respectively.
However, for the Philippines, from becoming the second highest it downed to
fifth. Accordingly, since 2016 up to 2019, Brunei Darussalam always ranked with
the lowest inflation rate while from 2015 up to 2019, Myanmar always
experienced the highest.

For the last 12 readings starting December 2018 up to November 2019,


consumer prices in Brunei declined to 0.80% year-on-year in August 2019, the
highest dropped, after a 0.50% fall in the prior month. Prices of food & non-
alcoholic beverages fell. Also, there were decreases in cost of transport, housing,
water, electricity, gas & other fuels, miscellaneous goods and services,
furnishing, household equipment & routine maintenance, and clothing &
footwear. At the same time, cost slowed a bit for both restaurants & hotels and
recreation & culture. Meanwhile, inflation was unchanged for health at 1%. On a
monthly basis, consumer prices decreased 0.30% in August, following a 0.50%
rise in July.

According to a monthly report by the Myanmar Statistical Information Services


(MSIS), a department of the Planning and Finance Ministry, the rapid increase in
inflation in Myanmar over the past few years is due to three significant factors:
the depreciation of the kyat against US dollar, flooding and using petrol costs.

Myanmar’s inflation rate from January to July 2019 saw another significant
increase due to the continued depreciation of the kyat and the imposition of
higher electricity tariffs. During Daw Aung San Suu Kyi’s administration, the CPI
– which measures the average charge over time in the price of a basket of
consumer goods and services – has also risen significantly, meaning people
must pay more to cover their basic expenses each year. In the last 12 readings,
July 2019 stood with the highest inflation rate of 10.87%. The high inflation has
also reduced people’s spending power on essential items, with workers who earn
the minimum wage spending more than 85% of their income on food, rent and
transportation.

In Brunei, the most important categories in the consumer price index for 2019 are
food and non-alcoholic beverages (19%), and transport (19%). The index also
includes: housing, water, electricity, gas and other fuels (11%); furnishings,
household equipment and routine (11%); recreation and cultural activities (9%);
hotels and restaurants (9%); miscellaneous goods and services (7%);
communication (6%); clothing and footwear (4%); education (4%) and health
(1%).

In Myanmar, the most important categories in the consumer price index are food
(68.3%); miscellaneous goods and services (15.9%); fuel and light (8.6%);
clothing and apparel (4.7%) and rent and repair (2.7%).

These two countries resulted with the highest consumption on food and non-
alcoholic beverages, same for the Philippines with 38.98%. However, they differ
on the lowest consumption, for Brunei it was on health, for Myanmar it was on
rent and repair and for the Philippines, it spent 1.93% on recreation and culture.

Sources:
https://www.statista.com/statistics/804325/inflation-rate-in-the-asean-countries/
https://tradingeconomics.com/brunei/inflation-cpi
https://tradingeconomics.com/myanmar/inflation-cpi
https://www.google.com/amp/s/www.irrawaddy.com/opinion/analysis/myanmars-
nld-presides-sharp-rise-cost-living.html/amp

You might also like