Ho Chi Minh City sees slight CPI decrease

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.

Ho Chi Minh City sees slight CPI decrease

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%.