HCM City’s CPI up 0.33% in August

The August consumer price index (CPI) of Ho Chi Minh City recorded a month-on-month rise of 0.33%, according to the city’s Statistics Office.

The rise was attributed to the extended social distancing measures that pushed up demand for essential items like foodstuff while supply was in a shortage and transportation costs rose.

Three commodity groups posted rising prices, which are food and catering services with a 1.68% increase; beverages and tobacco 0.75%; and education 0.003%.

The prices of pharmaceutical products and health care services remained stable.

Meanwhile, declines were reported in the prices of other groups, with housing, electricity, water, fuel, and building materials experiencing the strongest contraction of 0.84%.

In August, the prices for both gold and US dollar in the city fell by 0.05% compared to the previous month.

The average CPI in the first eight months of 2021 rose by 2.51% compared to that of the same period last year.

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