November consumer prices sink in two major cities
(VOV) - The Ho Chi Minh City Municipal Statistics Office announced on November 22 that consumer prices for November fell 0.36% from the previous month on the back of decreased petro and transport costs.
Three baskets of goods that saw declines during the month were transport (2.98%), housing, electricity, water, fuel and building materials (1.12%) and other goods and services (0.08%).
In particular, the foodstuffs and dining-out services groups declined 0.24% and 0.06%, respectively.
The education and telecommunications group remained unchanged.
Several baskets that witnessed price hikes for the month were garments, footwear, home utensils, drinking and tobacco, culture and entertainment, pharmaceutical and medical services.
The Municipal Statistics Office also reported that the domestic gold price dropped 1.14% against October, while the US dollar value went up 0.22%.
One day earlier, the Hanoi Statistics Office stated the Consumer Price Index (CPI) for the month declined by 0.3% over the previous month.
Inflation for the January-November period rose only 1.79%, which was also attributed to recent reductions in fuel prices, representing the lowest rate of increase in inflation for 11 month period in the past 10 years.
It was primarily driven by decreased costs of transportation, which were down for the month of November alone by 2.93% and restaurant and catering services (down 0.11%).