Business
May’s CPI: Hanoi down, HCM City up
  • | VOV | May 22, 2014 04:13 PM
The May consumer price index (CPI) for Hanoi remained relatively unchanged (down by 0.07%) from the previous month. Analysts at the Municipal Statistics Office attribute the slight decrease to weak demand.

Hanoi Department of Industry and Trade in turn said the price of rice in the market is slightly lower due to an abundance of supply while demand is stable. However, lower export demand is influenced by international prices.

Gold prices have continued to drop (by 1.4%) from the previous month in line with the world price decline in gold while the price of US dollar remained stable.

***In Ho Chi Minh City, the CPI rose by 0.36% against April.

Two groups, telecommunications and drugs and medical devices, posted a slight decreased of 0.1%.

In contrast, foodstuffs and dining-out services rose 0.71% against April.

The Mekong River Delta produced a high yield from the winter-spring crop, becoming a good supply of food for HCM City that makes food prices stable.

The prices in the basket of goods in culture, sports and entertainment rose slightly 0.15%.

Gold prices continued to fall by 0.61%, consistent with the decline in Hanoi and the price of US dollar saw a light rise of 0.03% from a month earlier. 

Leave your comment on this story