Consumer price index rises 0.06 percent in January
The consumer price index (CPI) inched up 0.06 percent in January against December last year, and down 0.97 percent year-on-year, according to the General Statistics Office of Vietnam (GSO).
Consumer price index rises 0.06 percent in January (Photo: VNA)
Hanoi (VNA) - The consumer price index (CPI) inched up 0.06 percent in January againstDecember last year, and down 0.97 percent year-on-year, according to theGeneral Statistics Office of Vietnam (GSO).
Head of the GSO’s PriceStatistics Department Do Thi Ngoc said the core inflation (CPIexcluding food items, energy products and commodities underthe State management like medical and educationalservices) in January rose by 0.49 percent year-on-year. This is the lowest increase in Januaryin the past five years, she stressed.
The GSO said among 9 groups of products andservices witnessing higher prices in the reviewed period, the groupof transportation had the highest price hike of 2.29 percent, followed bythe groups of restaurant and catering services (0.64 percent), garment, hat andfootwear (0.44 percent), and education services (0.33 percent), beverage andtobacco (0.32 percent), and other goods and services (0.24 percent).
Meanwhile, two groups saw theirprices decrease, including house and construction materials (down 2.31percent) and post and telecommunication service (0.1 percent).
The GSO said the rise in January’s CPI was fueled by a surge in the demand forgoods to prepare for the Lunar New Year (Tet) festival, high prices of foodsand foodstuff, and increase in gas prices to keep up with swings in the globalmarket.
The gold price picked up 2.17 percent month-on-month in January, while theprice of the US dollar decreased 0.16 percent./.
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Consumer price index rises 0.06 percent in January (Photo: VNA) 
