Vietnam’s CPI increases 0.69 percent in January

The country’s consumer price index (CPI) in January 2014 increased 0.69 percent compared to the previous month, much lower than 2013.

Many cities are running a subsidizing program on essential goods for the New Year, according to experts from the Ministry of Planning and Investment.  Purchasing power remains weak.

Eleven groups of commodity and services in the CPI saw an increase of 0.01 to 1.22 percent. 

Transportation showed the highest increase of 1.22 percent due to the petrol price increase in Dec. 18, 2013 and rising cost of public transportation.

Cost of housing and construction materials increased 1.02 percent due to demand for end-of-year repairs.

Cost of dining services increased 0.77 percent due to increase cost of food, 1.33 percent, increased cost of foodstuff, 0.75 percent, and increased cost of restaurant products, 0.32 percent.

Hanoi and Ho Chi Minh City saw an increase in CPI of 0.7 and 0.4 percent, respectively, compared to December 2013.

By Anh Phuong – Translated by Thuy Doan

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