Consumer Price Index increases 0.51 percent in January

Consumer Price Index (CPI) in January, 2018 was up 0.51 percent over the previous month and 2.65 percent over the same period last year, announced the General Statistics Office of Vietnam this morning.

Food, restaurant service prices have increased in advance of the Tet holiday

Food, restaurant service prices have increased in advance of the Tet holiday

Compared to the previous month, prices of ten out of 11 groups of goods and services used for calculating the index hiked. Of these, medicine and medical services surged 1.83 percent, traffic 1.17 percent, housing and building materials 0.55 percent, goods and restaurant service 0.44 percent, beverage and cigarette 0.35 percent, other goods and services 0.40 percent.
As the Tet holiday is coming near, consumption demand of residents and businesses has been higher than previous months.
January CPI increase was caused by some factors including two petrol price hike. In addition, electricity price raised 2.64 percent and health services went up to those without health insurance cards according to decisions by nine province and city people’s committees.
In the last month of the lunar year, residents’ house repair demand has surged so the service price has gone up 0.38 percent. Train ticket price has soared 6.54 percent.
Fresh vegetable prices have dropped 2.77 percent thanks to advantageous weather and abundant supply.

By ANH PHUONG – Translated by Hai Mien

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