HCM City’s CPI falls 0.3% in March

The consumer price index (CPI) of Ho Chi Minh City in March fell 0.3% from the previous month, but rose 2.2% compared to the same period last year, reported the municipal Statistics Office on March 29.

According to the office, the prices of six out of 11 goods groups saw a month-on-month decline, with the largest fall of 0.68% recorded in transport. 

It was followed by housing, electricity, fuel, and construction materials, by 0.53%; drinks and cigarette by 0.5%; culture, recreation and tourism by 0.27%.

CPI of Ho Chi Minh City in March fell 0.3% from the previous month
A drop of 0.3% was also recorded in restaurant services, while the prices of commodities and other services fell by 0.22%.

Meanwhile, the prices of equipment and household drinks climbed 0.21%; medicines and healthcare services rose 0.05 percent; apparels, hats and footwear were up 0.09% in the month.

The prices of post and telecommunication and education remained unchanged, the office said.

Earlier, Hanoi announced that its March CPI declined 0.22% over the previous month but increased 2.7% over the same period last year.

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. 

The average index in the first three months of this year rose 2.54%  over the same period last year. An upturn was seen in 10 groups of goods and the only one experienced a fall.
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