CPI rises 0.1 percent in January

SGGP
According to figures released by the General Statistics Office of Vietnam on January 29, consumer price index (CPI) in January slightly rose 0.1 percent compared to previous month.

Transport group falls 3.04 percent in January 2019, thanks to gasoline price cut and discharge of fuel price stabilization fund. (Photo: SGGP)

Transport group falls 3.04 percent in January 2019, thanks to gasoline price cut and discharge of fuel price stabilization fund. (Photo: SGGP)

Of which, beverages and tobacco increased 0.69 percent because liquor surged 0.88 percent; beer gained 0.49 percent; and tobacco jumped 0.83 percent.
Food and catering services emerged 0.66 percent, of which, there was an increase of 0.52 percent in foods and 0.85 percent in foodstuffs. Garment-textile, hats and footwear edged up 0.39 percent due to increasing demand prior the Tet festive season.
Housing and construction materials advanced 0.35 percent because of an increase of 1.36 percent in gas prices, 0.3 percent in public transport services and 0.61 percent in vehicle maintenance.
Culture, entertainment and tourism went up 0.33 percent; home appliances and utensils added up 0.16 percent; education rose 0.15 percent; pharmaceuticals and health care inched up 0.01 percent; and goods and other services soared 0.34 percent.
Two groups consisting of transport and posts and telecommunications saw a decrease in January. Noticeably, transport plummeted 3.04 percent, the highest decline among commodity groups, under the impact of gasoline price cut on January 1 this year along with the discharge of fuel price stabilization fund on January 16 which caused CPI of gasoline to fall 6.98 percent. Posts and telecommunications slid 0.09 percent.
Therefore, CPI in January 2019 enhanced 2.56 percent compared to the same period last year.
Gold price escalated 2.25 percent compared to December last year and 0.13 percent over the same period last year. Meanwhile, the US dollar dropped 0.4 percent compared to December last year and over the same period last year.
Core inflation in January was 0.3 percent higher than December last year and 1.83 percent higher than the same period last year.

By Anh Phuong – Translated by Thuy Doan

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