CPI keeps rising throughout Vietnam
The consumer price index (CPI) for May showed continued growth in Hanoi and Ho Chi Minh City, reported the cities' statistics offices.
|Illustrative image (Source: VNA)|
The office said the increase was mainly due to a surge in petrol price since May 5 that pushed many commodity prices up, especially transport items, which jumped 1.06 percent since last month.
Housing, electricity, tap water, fuel and building materials jumped 1.44 percent in the last month because of the rising price and demand for electricity and tap water in the summer, the office said.
Other goods also showed growth - 0.47 percent for drink and tobacco; 0.3 percent for garments, hat and footwear; and 0.28 percent for cultural, entertainment and tourism services.
Only restaurant and catering services had a price reduction, which was 0.43 percent compared to April.
In contrast to the CPI, the price of gold in Hanoi continued its decline by 0.13 percent in the last month and the price of the US dollar went up 0.44 percent against last month.
The HCM City Statistics Office said the city's CPI only had a slight increase of 0.3 percent over April.
Goods with price growth included garments, hat and footwear up 0.1 percent; home appliances up 0.02 percent; transport services up 1.05 percent; and cultural, entertainment and tourism services up 0.07 percent.
Housing, electricity, tap water and fuel jumped 2.18 percent against last month because of the new electricity rates and increase in demand due to the hot summer weather.
Some goods items reduced in price. Like Hanoi, restaurant and catering services went down 0.06 percent. Postal and telecom services declined 0.02 percent, and the other-goods and services group fell 0.04 percent.
Of note, rice continued its reduction by 0.13 percent and general food products went down 0.13 percent.
In HCM City, the price of gold also dropped 0.4 percent.