June CPI picks up in major cities

Hanoi’s consumer price index (CPI), an indicator of inflation growth in the city, grew by 0.13% in June from the previous month and 0.98% against the same month last year, buoyed by the increase in petrol prices.

Triggered by the petrol price adjustment on May 20, the price bracket saw the sharpest rise in transportation, soaring 3.58% from May.

Meanwhile, price decreases were seen in food and restaurants (0.43%), thanks to the abundant supply of food and farm produce. 

Slight surges were seen in garments, footwear and hats (0.14%); housing, electricity, water, fuel, and building materials (0.06%); home appliances (0.1%); beverages and tobacco (0.49%); medicine and healthcare services (0.05%); culture, entertainment and tourism (0.17%); and other commodities (0.1%).

Prices in post-communication and education sectors remained unchanged.

Last month, the Hanoi Statistics Office announced that the capital city's CPI showed a month-on-month increase of 0.12% from April and a year-on-year surge of 0.93%. 

The office said the increase was mainly due to a surge in petrol prices since May 5 that pushed a number of commodity prices up, especially transport prices, which jumped 1.06% from April.

Meanwhile, the HCM City Statistics Office also reported 0.62 % growth in the city's CPI for June and a year-on-year increase of 0.78 %.

The rise was attributed to the impact of strong increases in the transport and pharmaceutical-healthcare sectors. Of this, transport rose 3.94 % over May due to the petrol price adjustment.

Surges in the city this month include pharmaceuticals and healthcare (3.98 %), transport 3.94 %, food and catering service 0.32 % , drink and tobacco (0.12 %), garment and footwear (0.03 %) and household appliances (0.01 %) and culture and entertainment (0.39 %).