CPI increases slightly in HCM City, Hanoi
The Ho Chi Minh City’s Consumer Price Index (CPI) increased 0.03% in April from the previous month and 0.8% against the same period last year, according to the municipal Statistics Office.
The office said the increase was triggered by a sharp rise in the cost of transport, by 2.71%, followed by housing, electricity, water, fuel and building materials which increased by 0.29%; and culture-entertainment rose by 0.12%.
Price decreases were seen in post and telecommunications (0.17%), beverages (0.15%) and home appliances (0.02%).
Notably, food and restaurant services experienced the largest fall of 0.54% compared to the month before.
The price of gold rose by 0.11% while the US dollar exchange rate was up 0.43%.
Hanoi’s April CPI rose by 0.2% against the previous month and 0.74% annually.
The CPI has increased for the last two consecutive months, largely due to hikes in the prices of transportation by 2.5, and housing, electricity, water, fuel and construction materials by 1.84%.
Home appliances and garments and footwear experienced slight increases of 0.34% and 0.25%, respectively.
Food prices tumbled 0.72 this month owing to profuse supply coupled with hot weather.