CPI jumps in HCMC, Hanoi

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SaigonTimes English - 53 month(s) ago 7 readings

HCMC – The consumer price index is forecast to jump to an 11-month high in November in the country’s two largest cities, HCMC and Hanoi.

CPI jumps in HCMC, Hanoi

HCMC – The consumer price index is forecast to jump to an 11-month high in November in the country’s two largest cities, HCMC and Hanoi.

HCMC’s CPI has risen by 1.73% month-on-month in November compared to the previous month, the highest increase since the beginning of the year, according to the city’s Statistics Office.

The figured has jumped 9.13% over the same period in 2009 and 7.84% against last December, local media reports.

Prices of 11 groups of commodities increased sharply this month with food and restaurant services taking the lead at 2.76%. Food surged a hefty 6.65%, while foodstuffs rose 2.88% and restaurant and beverage services increased 0.67%.

Goods and services followed with a 2.12% increase and housing-electricity-fuel and construction material group went up 1.74%. Medicine and health care services increased by 1.49% and household utensils and appliances rose 1.26%.

Post and telecommunications and education, had the lowest increases of 0.02% and 0.16% respectively.

Gold and dollar prices saw sharp increases at 8.85% and 4.48% respectively, affecting some groups of consumer goods and making imported commodity prices spiral.

Meanwhile, the November CPI in Hanoi surged 1.93% month-on-month, the biggest rise in the first 11 months.

The Hanoi Statistics Office said the index was up 11.41% from a year ago with 10 of 11 groups of commodities surging in price.

In the restaurant and catering services group, foodstuff posted the strongest price rise of 6.26%.

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