CPI surges 0.27 percent in July

The General Statistics Office on July 24 announced that the country’s Consumer Price Index (CPI) rose 0.27 percent in July, sending first-seven-month CPI up 2.68 percent and 6.81 percent compared to the same period last year.

A rise in petrol price on June 28 was one of the major factors that caused transport to climb 1.34 percent and affected CPI of the country.

Housing and construction material grew 0.43 percent and cultural and entertainment services surged 0.31 percent.

In July, none of the commodity groups saw a decline in price compared to the previous month. Although restaurant and catering services account for the largest proportion in commodities, they posted a slight increase of 0.1 percent as food slid 0.3 percent.

Medicines and healthcare services only inched up 0.05 percent compared to the previous month but this group has soared 58.43 percent year-on-year.

In July, the US dollar price index rose 0.68 percent while gold price index fell 6.28 percent.

By Ng.Quang – Translated by Thuy Doan

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