CPI rebounds in Hanoi, HCMC

The Statistics Office in Ho Chi Minh City recently announced that the Consumer Price Index (CPI) in June rebounded after dropping for three consecutive months, rising 0.12 percent over last month, 0.78 percent compared to December last year, and 2.78 percent year-on-year.

Generally, four commodity groups saw an increase in price, four saw a decline, while three were unchanged compared to the previous month. However, an increase in price this month, contributed mostly by restaurants and catering services with 0.33 percent, foods with 0.43 percent, and eating out with 0.4 percent.

This month, gold price index fell 2.06 percent while the US dollar index inched up 0.02 percent compared to the previous month.

Meanwhile, Hanoi CPI in June surged 0.08 percent compared to last month, snapping losing trend of the past three months, showing an increase of 1.74 percent over December last year, and 5.43 percent year-on-year.

Hanoi CPI increased as losing momentum in food and foodstuffs weakened while prices of other commodity groups soared slightly. Among 11 commodity groups, only transport saw a decline of 0.22 percent compared to last month.

This month, gold price index continued to plunge by 3.93 percent, whereas the US dollar index climbed 0.34 percent over last month.

With these results, the country’s CPI is expected to rebound to below 0.1 percent.

By Anh Phuong – Translated by Thuy Doan

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