Viet Nam August CPI Rises

Houses under construction in Ho Chi Minh City. In August prices of houses and construction materials increased by 1.1% over July. (Photo: Tuong Thuy)

Viet Nam’s August consumer price index (CPI) rose by 0.4% over July, the General Statistics Office announced Wednesday.

Notably, prices of houses and construction materials increased by 1.1%, the highest mark on the table, followed by the travel-telecom group prices, which went up by 0.9%. However, telecommunication prices decreased by 0.2%.

Garment, headwear and footwear prices rose 0.5% this month as demand is on the rise just two weeks before the new school year officially begins.

Non-consumer domestic gold increased 2.3% this month over July, while the US dollar price remained stable, up just 0.1%.

The northern cities of Ha Noi and Hai Phong saw their CPI levels rise 7% over July, the largest geographical growth registered, followed by 5% in the central city of Da Nang, and Ho Chi Minh City and Vinh Long Province in the south.

Reported by Tuong Thuy

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