CPI of Vietnam and Hanoi city in March
Thursday, April 5,2018
AsemconnectVietnam - In March, Vietnam’s consumer price index (CPI) fell by 0.27 per cent month-on-month, according to the General Statistics Office (GSO).
However the figure was up by 2.66 per cent year-on-year and 0.97 per cent against the CPI in December, said GSO.
According to GSO, the reduced CPI in March can be attributed to under-consumption due to lower demand after Tet (Vietnamese Lunar New year).
According to the office, eight of the 11 key groups of goods and services dropped compared to February and contributed to March’s reduction in the CPI.
Prices dropped 0.77 per cent for transport, 0.62 per cent for food and catering services, 0.28 per cent for beverages and tobacco and 0.17 per cent for garments, hats and footwear.
Other groups with reduced prices included housing and building material (down 0.28 per cent), cultural, entertainment and tourism services (0.9 per cent), post and telecom services (0.01 per cent) and other goods and services (0.1 per cent).
Some groups of goods and services, however, registered an increase in prices. These include medicine and health services (up 1.98 per cent), home appliances (0.02 per cent) and education (0.01 per cent).
Hanoi’s CPI drops 0.22 percent in March
The consumer price index of Hanoi in March decreased by 0.22 per cent over the previous month but increased by 2.7 per cent over the same period last year, according to the Hanoi Department of Statistics.
Major reason for the drop is a reduction in prices of three goods groups - food and catering services; housing, electricity, fuel and construction materials; and transportation.
Lower demand after the traditional New Year festival in February and warmer weather with abundant supply of farm produce pulled the prices of food and foodstuff down. Meanwhile, lower gas prices also led to a fall in the prices of housing, electricity, fuel and construction materials.
A fuel price cut also made the price of transportation lower.
The average index in the first three months of this year rose 2.54 per cent over the same period last year. An upturn was seen in 10 groups of goods and the only one experienced a fall.
CK
Source: baodautu.vn/thoibaotaichinhvietnam.vn/vietnamplus.vn/VNS
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