Hanoi consumer price rise accelerates in July

Nhan Dan Online – Consumer prices in Hanoi posted a one-month increase of 0.18% in July, compared with the 0.08% rise in June, the municipal statistical agency has reported.
 

Hanoi consumer price rise accelerates in July

The Hanoi Statistics Office said only telecommunications costs remained flat in July while all other commodities saw rises, with building materials and utility bills recording the biggest increase of 0.53%.

Transport costs also rose sharply by 0.51% due to recent spikes in petrol prices.

Food and restaurant services as a whole remained nearly unchanged from the previous month with a slight increase of 0.01%.

Within the food and restaurant services category prices of grains dropped by 2.26% from June thanks to abundant crops and weak demand while other foods and eating out saw respective increases of 0.42% and 0.21%.

In Ho Chi Minh City, consumer prices in July rose at a slower pace than in the capital, up 0.12% from the previous month, with transport costs posting the largest one-month rise of 0.4%.

Food costs and restaurant services also experienced a marked increase, up 0.25% from June, primarily driven by rising prices of meat and vegetables.

In other commodities, the category of entertainment and tourism was down by 0.34% as economic difficulties forced HCMC residents to tighten their budget for recreational activities.