Hanoi, HCM City both see CPI rise in February
The consumer price index (CPI) of Hanoi and Ho Chi Minh City in February rose by 0.89% and 0.34% over the previous month, and up 2.86% and 2.41% year-on-year, respectively.
The rise was driven by the high demand for commodities and services during the Lunar New Year (Tet) festival, the country’s largest holidays in a year.
Housing, electricity, fuel and construction materials went down 0.08% while post and telecommunications declined 0.32%.
In February, the city served 848,000 domestic visitors. Earnings from accommodation and catering services reached about VND10 trillion (US$439.37 million) in the first two months of 2018, rising 11.5% against same period last year.
Hanoi’s export revenue is estimated to hit US$2.09 billion in the Jan-Feb period, up 25.1% year-on-year while its import is valued at US$2.49 billion, up 15.4%.
In the southern largest economic hub of HCM City, the prices of eight out of 11 commodity baskets recorded growth, with the highest rate seen in food and catering at 0.81%, reported the municipal Statistics Office on February 28.
Other goods with higher prices were other goods and services (0.75%); beverage and cigarettes (0.72%); culture, entertainment, and tourism (0.33%); telecommunications (0.18%); medicine and healthcare services (0.12%); transportation (0.6%) and education (0.01%).
Meanwhile, decreases were seen in housing, electricity, fuel and construction materials (0.1%); beverage and equipment and home appliances (0.03%).
The price of gold increased by 0.71%, while the price of US dollar declined 0.51% from that of January 2017.
According to the Hanoi Statistics Office, compared with the previous month, increases were seen in most of the commodity groups, especially food and catering (2.17%). The prices of food, including pork, beef, poultry, seafood and vegetables, also surged in the period.
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In February, the city served 848,000 domestic visitors. Earnings from accommodation and catering services reached about VND10 trillion (US$439.37 million) in the first two months of 2018, rising 11.5% against same period last year.
Hanoi’s export revenue is estimated to hit US$2.09 billion in the Jan-Feb period, up 25.1% year-on-year while its import is valued at US$2.49 billion, up 15.4%.
In the southern largest economic hub of HCM City, the prices of eight out of 11 commodity baskets recorded growth, with the highest rate seen in food and catering at 0.81%, reported the municipal Statistics Office on February 28.
Other goods with higher prices were other goods and services (0.75%); beverage and cigarettes (0.72%); culture, entertainment, and tourism (0.33%); telecommunications (0.18%); medicine and healthcare services (0.12%); transportation (0.6%) and education (0.01%).
Meanwhile, decreases were seen in housing, electricity, fuel and construction materials (0.1%); beverage and equipment and home appliances (0.03%).
The price of gold increased by 0.71%, while the price of US dollar declined 0.51% from that of January 2017.
