The consumer price index (CPI) in January rose by 0.51 per cent over the previous month and 2.65 per cent over the same month last year. This was revealed in the latest update of the General Statistics Office (GSO). This was the highest month-on-month increase in the past three years, compared to 0.46 per cent in January 2017, zero per cent in January 2016 and a drop of 0.2 per cent in January 2015. The hike in CPI was driven by the increase in prices of a majority of products with Tet (Lunar New Year) holidays around the corner, pushing up shopping demand, said Do Thi Ngoc, Deputy Director of GSO’s CPI Department. According to the statistics, 10 out of 11 major categories of goods and services saw a jump in prices in the first month of this year. Medicine and healthcare services were up by 1.83 per cent, transportation services by 1.17 per cent, housing and building material by 0.55 per cent, restaurants and catering services by 0.44 per cent and beverage and tobacco products by 0.35 per cent. Only the prices of telecom services saw a drop by 0.09 per cent. The increase in petrol and oil prices since the beginning of this year contributed 0.11 per cent to CPI’s increase in January, while the increase in electricity prices by 2.64 per cent since the beginning of December contributed 0.06 per cent. The hike in healthcare services by 2.34 per cent in nine provinces and cities under central… [Read full story]
The Hanoitimes - Consumer price index (CPI) rises 0.1 percent in August, 2016 compared to the previous month and up 2.57 percent over the same period last year. According to figures from the General Statistics Office on August 24, the Consumer Price Index (CPI) in August rose 0.1 percent against the previous month and witnessed a year-on-year increase of 2.57 percent, the average CPI rises by 1.91 percent. Medicine prices and health services push CPI up slightly in August Six out of 11 commodities and services witnessed increases in prices such as medicine and health service up 6.18%, education up…... [read more]
Tuyen Quang power needed by January (15-11-2007) TUYEN QUANG — Deputy Prime Minister Hoang Trung Hai asked that the first turbine of the VND7,522 billion (US$470 million) Tuyen Quang hydroelectricity station begin generating electricity for the national grid by January. He made the call when he visited the site, about 180km west of Ha Noi, yesterday. He asked that the second turbine begin work in April and the third in August. The deputy prime minister also told representatives of the major contractor, the Song Da Construction Corporation, to co-ordinate with its Chinese subcontractor Harbin to ensure required equipment arrived on…... [read more]
Customers in Ha Noi are enjoying lower petrol prices following the drop in global oil prices.— VNA/VNS Photo Tran Quyet HA NOI (VNS) — Viet Nam's Consumer Price Index (CPI) fell by 0.2 percent in January, compared to last month. This drop was attributed to the sharp decline in the worldwide price of petroleum in recent months, the General Statistics Office (GSO) announced. This is the third consecutive month that the CPI recorded a drop, with a 0.27 percent fall recorded in November last year, and 0.24 percent in December. The CPI this month broke the trend seen in previous…... [read more]
Consumer price index up 0.16 per cent this month. — Photo Vu SinhThis has been the highest increase since the beginning of this year. She said the price of petrol increased by 11 per cent on May 5, while that of electricity went up by 7.5 per cent on March 16. Ngoc explained that although electricity tariff rose in the middle of March, consumption surged owing to hot weather, thereby pushing the CPI up by 0.11 per cent. Eight out of 11 main commodity groups in the CPI recorded price increases. Housing and building materials led with a 1.27 per…... [read more]
Customers shop at Pico Electronics Supermarket in Ha Noi. Inflation is forecast to increase by 2 per cent this month due to a surge in the costs of electricity and petrol. — VNS Photo Truong Vi HA NOI — The Ministry of Industry and Trade expects the consumer price index in March to increase by 2 per cent due to a surge in the cost of electricity and petrol. The domestic commodities market had suffered the impacts of a sharp rise in the prices of material and fuel, the ministry said. Besides the cost of electricity and petrol, the high…... [read more]
