The Saigon Times
HCMC – Vietnam’s consumer price index (CPI) this month increased 009% month-on-month, the lowest growth rate in the 2016-2020 period, mainly due to the impact of extreme weather conditions in central localities, according to the General Statistics Office.
Also, this month’s CPI inched up 247% against last year's figure, while the CPI in the January-October period this year expanded 371% over the same period last year.
Six of 11 groups of consumer products and services in the basket of items used to calculate the CPI have marked an increase in prices. The education group took the lead, recording a rise of 135% following an increase in tuition fees for the 2020-2021 academic school year adopted by nine provinces and cities. The group contributed a 008% increase to the overall CPI.
Besides this, housing and construction materials improved 029%, a rise attributed to a 177% increase in the gas price, a 015% rise in the prices of house maintenance materials and a 0.2% increase in house repair costs.
Apart from that, beverages and cigarettes and apparel-headwear-footwear improved 008% and 006%, respectively, as a result of the rising demand for shopping given the change in weather. The groups of medicine and healthcare services, other commodities and services have registered slight price hikes of 001% and 009%, respectively.
The groups with price drops in October included culture-entertainment-tourism with 018%, food and catering services with 013%, transport with 008%, affected by the lower price of fuel products, and train tickets and cars and telecommunications with 003%.
The only group with no price change was equipment and household appliances.
- October CPI grows at lowest rate in five years
- CPI in October creeps up 009 percent
- October CPI falls to lowest in five years
- CPI slightly goes up in October
- CPI for October records slight increase
- CPI rises 0.66% in June, highest in past five years
- HCM City’s CPI inches up 017 percent in September
- CPI up 0.66 percent in June
- Vietnam’s CPI up 0.4% in July