CPI slightly goes up in October
admin 29-10-2020, 13:38

CPI slightly goes up in October

Accordingly, the increase of 009 percent in the CPI was mainly because of an increase in educational service prices following the roadmap and the impacts of storms and floods in the central provinces. The 10-month CPI rose by 371 percent over the same period last year.

In the increase of 009 percent of the CPI in October, six out of 11 groups of commodities and services posted increases in the price index. Of these, the education group climbed the most with 135 percent. Education services alone surged 152 percent, making the overall CPI increase by 008 percent because nine provinces and municipalities carried out the roadmap to increase tuition fees for the new school year of 2020 and 2021 in the month.

Housing and construction materials edged up by 029 percent, mainly due to an increase of 177 percent in gas prices, making general CPI increase 003 percent; prices of materials and maintenance and housing repair services rose 015 percent and 0.2 percent, respectively. Groups of commodities and services with lower price index include culture, entertainment, and tourism with a decrease of 018 percent, restaurants and catering service with a decrease of 013 percent (of which, food mounted by 016 percent, and foodstuffs dropped 028 percent), and traffic with a decrease of 008 percent. Household appliances and utensils alone remained unchanged.

Thus, the CPI in October increased by 009 percent compared to December last year and 247 percent over the same period. The average CPI in the first ten months of this year jumped by 371 percent compared to the same period in 2019.

By Anh Phuong – Translated by Bao Nghi