 |
| Illustration photo |
The consumer price index (CPI) in April has gone up only 0.14% over the previous month, lower than expectation, thanks to a sudden decrease in price of food and foodstuff after one-year price hike, said the General Statistics Office (GSO).
The CPI in April has posted an increase of 9.23% against the same period last year.
Accordingly, in the first four months, CPI has jumped up to 4.27% against December 2009 and witnessed 8.69% year-on-year rise.
The sudden shrink of food and foodstuff that makes up around 40% of CPI structure, according to the GSO, has defused the national inflation rate.
Out of 11 groups of commodities, nine have risen from 0.12% to 2.51%. Especially, commodities that have seen the highest increase include housing and building materials (up 2.51%), household equipment and utensils, garments and footwear.
Education and transportation have had the slowest rise (0.12%).
In April, the prices of gold and US dollars have gone down 0.8% and 0.28% respectively against March following the drops in the world market and the State Bank’s effective adjustment of interbank exchange rate.
The GSO predicted that CPI would surge by 0.3-0.4% in May.