Hanoi’s December CPI rises by 0.26 percent

(VOV) - Hanoi’s consumer price index (CPI) increased slightly by 0.26 percent in December, up 6.29 percent compared to the same period last year.

The figures were released by the municipal Statistics Department on December 21.

hanoi’s december cpi rises by 0.26 percent  hinh 0

The city’s 2012 CPI represents a year-on-year rise of 8.57 percent, mostly due to the sharply elevated prices of education and healthcare services.

Excluding the 0.56 percent ebb in post, telecommunications and transport service prices, almost all commodity groups experienced a rise on the previous month. Prices of footwear and garments recorded the highest increase (1.6 percent), followed by home appliances, tourism services, and construction materials.

CPI declined in only three months of 2012 with 0.03 percent in April, 0.17 percent in June, and 0.29 percent in July. September CPI hit the record high of 2.47 percent thanks to a price surge in education services.

Cong Xuan Mui, Director of the municipal Statistics Department, said Hanoi is facing a fuel and material input price hikes as inflation and interest rates continue to rise.

Although business operations have encountered numerous challenges caused by the global market’s fluctuations, Hanoi successfully maintained its growth rate in accordance with the set annual target, he added.