CPI rise in October hit 14-month low at 0.36 percent

The consumer price index (CPI) in October only increased by 0.36 percent from September, reported the General Statistics Office on October 24. This is the lowest CPI rise since September, 2010.

The restaurant and food service sector had the most significant impact on CPI when its prices only rose by 0.06 percent. Food products even saw a CPI decrease of 0.49 percent.

Three out of 11 commodity sectors witnessing price decline were the housing and building material sector with 0.03 percent, the transport sector with 0.13 percent and the post and telecommunication sector with 0.17 percent.

The highest price rise of 3.2 percent belonged to the education as some provinces continued to increase school fees.

In October, the gold prices dropped by 4.22 percent while USD prices climbed by 0.39 percent.

 

CPV

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