HCM City’s CPI falls 0.25% in November

The consumer price index (CPI) of Ho Chi Minh City in November fell 0.25% against the previous month but increased 2.98% year-on-year, announced the city’s Department of Statistics on November 29.

hcm city’s cpi falls 0.25% in november hinh 0
Among the 11 groups of commodities, seven saw price decreases month-on-month, with transport costs recording the highest decline of 2.09% due to two petrol price falls during the month. 

It was followed by the group of housing, electricity, water, fuel, and building materials, down 0.26%; and post and telecom services (0.11%); home appliances (0.03%); medicine and health services (0.02%); beverage and tobacco (0.01%); and culture, entertainment and tourism (0.01%). 

According to the department, there were also groups of commodities maintaining stable prices such as education and other goods and services, and restaurant and catering services.

In November, only the group of garment, headwear and footwear experienced a price increase of 0.03% compared to the previous month.

The price of gold rose by 0.03% while the price of US dollar went down by 0.04% month-on-month.

Meanwhile, in Hanoi, the CPI saw a decrease of 0.26% in November against the previous month and 4.17% year-on-year.

The country’s November consumer price index was down 0.29% from October, driven by cheaper petrol prices, the General Statistics Office (GSO) reported on November 29.

This month’s CPI rose 3.46% year-on-year and 3.24% from last December. The eleven-month figure picked up 3.59% from the same time last year.

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