Hanoi’s January CPI rises 0.95 percent
Inflation in the capital city of Hanoi saw a one-month surge of 0.95 percent in January.
Officials blamed the spike in prices on rising consumer demand ahead of the Lunar New Year (Tet) holiday in February.
According to the Hanoi Statistics Office, prices increased in 10 out of the 11 categories of goods and services used to calculate the consumer price index, with food and services rising by 1.84 percent and garments and footwear by 1.47 percent.
Only the cost of transportation saw a decrease, falling 0.14 percent from December, 2012, following a VND300/litre drop in the retail price of petrol in late December.