The Hanoitimes - The consumer price index (CPI) in June dropped by 0.17 percent against the previous month and increased by 6.32 percent over last year’s same month, according to the Hanoi Statistics Department.
CPI in June forecast to rise 0.1-0.2pct
Out of 11 groups of commodities, only post and telecoms services remained unchanged.
There was a slight reduction of 0.05% in restaurants prices and catering services; housing, electricity, water, fuel and construction materials dropped by 1.86% and transport costs were 1.73% lower.
Other groups, including beverages and tobacco; textiles, hats and footwear; household equipment and utensils; medicines and health care services; culture, entertainment and tourism services and education all saw price rises.
Textiles, hats and footwear took the lead with a rise of 1.35% over the previous month, however most other groups experienced increases of less than 1%.
Economic analysts attribute the contraction in restaurant prices and catering services in June to the general trend of foodstuffs dropping in price thanks to bumper crops and abundant supplies in the southern provinces.
The falling global price of oil and gas has also helped to lower domestic prices.
During the January-June period, the average monthly growth rate stood at 0.42% and the average CPI for the first six months rose by 11.38% over the same period last year.
In the first half of this year, the CPI grew by 0.42 percent per month on average and the price index by 11.38 percent.
Also in June, domestic gold prices fell by 2.69 percent but the US dollar exchange rate rose up 0.25 percent against May.