The consumer price index (CPI) in March fell 0.21 percent from last month, helping the average CPI in the first quarter stay at a three-year low of 2.63 percent year-on-year.
Deputy Prime Minister Vuong Dinh Hue (standing) speaks at the meeting of the steering committee on price management on March 28 (Photo: VNA)
Hanoi (VNA) – The consumer price index (CPI) inMarch fell 0.21 percent from last month, helping the average CPIin the first quarter stay at a three-year low of 2.63 percent year-on-year.
As such, the CPI in March rose by only 0.69percent from last December and 2.7 percent from the year previous.
Meanwhile, the core inflation – which is the CPIexcluding food items, energy products, and state-managed commodities such as healthcareand educational services – dropped 0.06 percent in March against the lastmonth. It increased 1.84 percent in Q1 compared to the same period of 2018.
At a meeting on March 28, the steering committeeon price management said price fluctuations in Q1 matched forecasts as theyrose slightly in January, surged in February, and declined slightly in March,reflecting normal developments in the market that typically see prices soar inthe month of the Lunar New Year festival and return back to usual following.
The retail price of electricity was raised by8.36 percent on average, equivalent to 144 VND per kWh, on March 20 after along period of being kept unchanged. This hike only contributed 0.33 percent tothe CPI growth in March, which had a minor impact.
Facing the sharp increase of global petrolprices, the Ministry of Finance and the Ministry of Industry and Trade boostedthe spending of the petrol price stabilisation fund in March to keep domesticprices stable, helping to ease the power price hike’s impact on the CPI.
Deputy Prime Minister Vuong Dinh Hue applaudedthe close coordination among ministries and sectors in price management, whichhas been conducted in an active manner matching the market’s supply-demandsituation.
He noted that with ministries and sectors’activeness, close coordination, alignment of prices with fluctuations in themarket, and information transparency, the target of keeping this year’sinflation between 3.3-3.9 percent is within reach. –VNA
Vietnam’s consumer price index (CPI) in January rose 0.1 percent over the previous month and increased 2.56 percent year on year, according to the General Statistics Office (GSO).
Vietnam’s consumer price index (CPI) in February rose by 0.8 percent over the previous month, and 2.64 percent year-on-year, the General Statistics Office (GSO) announced on February 28.
The consumer price index (CPI) of Ho Chi Minh City rose 0.47 percent month-on-month in February and 3.58 percent over the same period last year, reported the city’s Statistics Office on February 28.
Hanoi’s consumer price index (CPI) in February rose by 0.89 percent month-on-month and 3.89 percent from the same month last year, according to the city’s Statistics Office.
Power prices will increase by an average of 8.36 percent at the end of this month, said Deputy Minister of Industry and Trade Hoang Quoc Vuong on March 5.
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Deputy Prime Minister Vuong Dinh Hue (standing) speaks at the meeting of the steering committee on price management on March 28 (Photo: VNA) 
