According to the GSO, the increase in January’s CPI was primarily driven by higher fuel and power costs, hikes in healthcare costs and greater consumer demand ahead of the Lunar New Year. The national statistical agency said price gains were recorded in 10 out of 11 groups of goods and services used to calculate inflation. The largest increases were seen in medicine and healthcare services, transport costs, building materials and utilities, which rose by 1.83 pct, 1.17 pct and 0.55 pct respectively, GSO data showed. Food and restaurant services rose by 0.44 pct, clothes and footwear items edged up 0.34 pct while post and telecommunications costs fell by a slight 0.09 pct. Other groups saw price rises of between 0.03 pct and 0.4 pct. Theo NDO
The consumer price index (CPI) in December increased by 0.21% from the previous month, according to the General Statistics Office (GSO).Average inflation in 2017 was 3.53%, below the National Assembly’s target of 4%.In December, medicine and healthcare costs posted the largest increase at 2.55%, while transport costs rose by 0.84%.Clothes and footwear climbed 0.43% as a result of rising demand in winter, while utility costs and building materials rose 0.22% due to hikes in the price of gas, water and electricity.On the contrary, food and catering services fell by 0.23% and telecommunications services dropped by a slight 0.03%. Education costs…... [read more]
Though January CPI was slightly relaxed compared to December 2010, what would it be in the first quarter of 2011 and the whole year has still proven a headache. "In my forecast, February CPI would be over two per cent," said former director of Ministry of Planning and Investment's National Centre for Socioeconomic Information and Forecast Le Dinh An. He noted that often the demand for energy and production materials was more intense in February and March in both the domestic and world market, leading to rising input costs. Besides, the minimum wage will be higher than the current level…... [read more]
The CPI in December last year increased only 0.02 per cent over November.Statistics released yesterday from the General Statistics Office (GSO) showed that the index also inched up only 0.8 per cent year-on-year.Do Thi Ngoc, deputy director of the GSO's Consumer Price Index Department, said that except for January last year, when the index declined 0.2 per cent against the previous month, the month-on-month rise of the index in January, from 2007 to 2014, ranged between 0.32 per cent and 2.38 per cent.January often saw the CPI grow significantly, as domestic demands for goods, especially food and consumer items, rise…... [read more]
Markets & Prices Last updated: Friday, January 25, 2013 Consumer Price Index Continues to Slow Posted: Tuesday, June 21, 2011 The Consumer Price Index (CPI) in Hanoi and HCM City continued slowing down for a second consecutive month, driven by more stable utilities and food prices. Hanoi's June CPI slowed and increased by only 1.21 per cent from the previous month, according to the Hanoi Statistics Office. The pace of slowing is still modest due to global rising prices of foodstuff, fashion, household appliances and drinks. The capital city's CPI surged by 12.94 per cent from earlier this year due…... [read more]
A recent rise in fuel prices and the upcoming adjustment of electricity costs will lead to a slight increase in March’s consumer price index (CPI), Head of the General Statistics Office Nguyen Bich Lam revealed to the Vietnam News Agency. The April index and those of the following months will reflect the price increases more definitively, Lam said. According to him, the three consecutive decreases of petrol prices in late 2014 and January 2015 caused an 8.2 percent reduction in transportation service rates in the first two months of the year, which contributed to a fall in the CPI. However,…... [read more]
