Hanoi’s consumer price index (CPI) in January rose 0.7 percent against the previous month and 6.78 percent year-on-year as a result of price hikes in ten out of eleven commodity baskets.
The prices of beverage and tobacco recorded the highest monthly rise, with an increase of 1.29 percent. The prices of traffic services increased 1.19 percent while postal services and telecommunications’ services remained unchanged compared to last month.
The prices of garments, hats and footwear came third, rising by 0.99 percent. The prices of foodstuffs and restaurant services rose 0.77 percent while the prices of services related to culture-entertainment-tourism posted an increase of 0.86 percent. The prices of housing, power, water, fuel, and construction material rose 0.76 percent and home appliances saw 0.6 percent rise.
Healthcare services made a slightly increase of 0.31 percent while education services witnessed a lowest increase of 0.02 percent.
HCM City inflation remains stable in January
The consumer price index (CPI) in Ho Chi Minh City for January logged in at a 0.4% increase, its lowest level in five years, on the back of a lackluster demand in the run up to the Lunar New Year (Tet) Festival.
Official statistics also report that large supermarkets, such as Big C and Coop mart, are reporting only modest increases in merchandise sales, with minimal increases in sales of non-food goods and home appliances.
Food prices saw only a modest increase of 0.16% month on month, while the prices of export rice remained stable thanks to market stabilization measures.
Nearly 7,800 stalls, which focused on providing basic necessities, such as eggs, cooking oil, sugar, and processed meat, were established throughout the city to ensure an adequate supply for Tet.
A recent adjustment in the retail price of oil and gas drove up the price of transport services and a number of Tet goods.
Other items in the CPI goods basket that saw modest rises include transport, housing, construction material, garments and textiles, footwear, and services.
Healthcare services, the only item in the CPI basket that declined 0.12% when compared to the previous month.
Meanwhile, the prices of domestic gold dropped by 1.37% and the exchange rate of US dollar (US$) and Vietnam dong (VND) by 0.04%, from a month earlier.
