HCM City CPI rises in March

The Ho Chi Minh City consumer price index in March is estimated to increase by 2.2 percent over last month and 10.76 percent compared to the same period last year.

This was disclosed by Nguyen Duc Tri, deputy head of the HCM City Statistics Office.

Transport saw the biggest increase of 7.73 percent, followed by housing and building materials which increased by 2.62 percent and food prices that increased by 2.38 percent.

According to market experts, the reason which caused the city CPI to increase was due to a nationwide hike in the prices of petrol and electricity.

In addition, the fluctuation of the dong/US dollar exchange rate has also resulted in the hike in prices and will in turn also lead to rise in many other commodities and services.

In March, gold and dollar prices rose by 5.22 percent and 3.0 percent since February.

By Tr.Ng- Translated by Thanh Huong

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