Ho Chi Minh City’s December CPI down 0.11%
Ho Chi Minh City’s consumer price index (CPI) in December fell by 0.11% over the previous month and 0.2% against the same period last year.
According to the municipal Statistics Office, among the 11 statistical groups of commodities, five recorded decreases in prices, with the highest drop of 1.83% seen in transport, which was attributed to several cuts in petrol and gas prices during the month.
Other commodity groups with falling prices included household appliances (1.23%), culture and entertainment (0.58%), restaurants and catering services (0.17%), and apparel, hats and footwear (0.01%).
Meanwhile, price increases were seen in the categories of education with 0.04%, beverage and tobacco 0.14%, pharmaceuticals and health services 0.18%, goods and other services 0.41%, and housing, electricity, water, fuel, and building materials 0.6%.
Only the price of the post and telecommunication remained unchanged.
In the month, gold prices reduced by 1.53%, while US dollar prices rose 1.11% against the previous month.
The Hanoi Statistics Office reported on December 23 that in December the CPI decreased 0.03% against November but had a year-on-year increase of 0.89% as compared to 2014.
The reduction was due to a fall in prices of catering services at 0.05% and transport services at 1.45%, as well as a drop in the world oil price and local petrol retail price twice this month.
Meanwhile, seven groups of goods saw an increase in prices, while prices of telecom and education services were unchanged against the previous month, the office said.
The housing, tapped water, fuel and building material reported the highest increase in price at 0.47%. Next was the price of the drinking and tobacco with a surge at 0.17% and home appliances, with an increase of 0.16%.
The office said the Hanoi market saw a reduction of 3.67% in gold prices but recorded a 0.55% rise in the United States dollar price against those prices in the month of November.