Ho Chi Minh City sees slight CPI decrease

Wednesday, 2014-10-22 17:36:11
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NDO/VNA – Ho Chi Minh City’s consumer price index (CPI) in October decreased slightly by 0.03% against the previous month, but rose by 2.96% compared with one year ago.

According to the municipal Statistics Department, the decline was recorded in five out of the 11 commodity categories: transport (down 1.11%); goods and other services (0.12%); housing, electricity, water, and building materials (0.09%); restaurants and services (0.08%); and apparel and footwear (0.02%).

The department attributed the decline to the downward adjustments in petrol prices in October, which had strong impacts on transportation and services costs.

The highest price rise of 1.28% was seen in the group of educational tools and services.

It was followed by household utensils and equipment (up 0.09%), cigarette and beverages (0.06%), and entertainment services (0.02%).

Meanwhile, prices remained stagnant for pharmaceuticals and healthcare services, and posts and telecommunication.

In October, gold prices declined by 1.35% month-on-month, while the USD exchange rate rose by 0.23%.