Sluggish CPI in Hanoi, HCMC

The General Statistics Office stated that the consumer price index (CPI) in Hanoi and Ho Chi Minh City had slowed down in May.

The CPI in May had surged 2.38% compared to the previous year.

The highest increase continued to be seen in medicine and health services which soared by 4.25% , restaurant and food services  increased by 3.77%, electricity, water and fuel surged by 2.95% and transportation increased by 2.77%.

HCM City CPI rose by 16.15% year-on-year and increased by 10.86% compared to December 2010.

Meanwhile, Hanoi’s CPI in May increased by 1.76% over the last month and 19.08% compared to the same period last year.

The biggest price hike in the month was seen in housing, electricity, water, fuel and building materials with 2.99%, followed by food and restaurant services with 2.25% and transportation services with 2.23%.

Other categories including beverages, tobacco and home appliances saw a month-on-month increase of less than 2%.

By C. Thinh, Q. Hung – Translated by T. Huong

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