Country sees slight increase in CPI this October

Vietnam’s consumer price index (CPI) in October rose 0.36 percent against last month, the lowest monthly increase in the last 14 months, announced the General Statistics Office on October 24.

This figure represents a year-on-year increase of 21.59 percent and an 18.5 percent rise compared to the same period last year, said the office.

Eight out of the 11 commodity groups recorded an increase from 0.06 to 3.2 percent, in which the food services group saw the lowest price hike, dropping to 0.06 percent from 0.28 percent in September.

The three commodities of housing and construction materials, transport, and post and telecommunications saw prices fall while seven others posted an increase below 1 percent.

Only educational services saw a price hike of 3.2 percent.

The low CPI increase of 0.13 percent and 0.18 percent respectively in the two economic hubs, Hanoi and Ho Chi Minh City, was responsible for the country’s slow CPI growth in October.

By A.Phuong – Translated by T.Huong

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