HCM City sees smallest monthly CPI gain

Ho Chi Minh City saw the smallest increase in its consumer price index (CPI) in July when it expanded by only 0.12 percent from June, said the municipal Statistical Office on July 22.

Ho Chi Minh City saw the smallest increase in its consumer price index (CPI) in July when it expanded by only 0.12 percent from June, said the municipal Statistical Office on July 22.

Illustrative image

The figure added up to the local CPI’s seventh-month rise of 1.22 percent and yearly inflation of 5.47 percent.

Four categories experienced a drop in their prices in the month, namely housing, electricity, water, and fuel (down 0.07 percent); beverages and tobacco (0.06 percent); education (0.12 percent); and culture and entertainment (0.34 percent).

Meanwhile, price hikes were recorded in the categories of transport (up 0.4 percent); foodstuffs and restaurant services (0.25 percent); and garment (0.05 percent).

Household utensils and equipment; postal and telecommunication services; and other goods and services followed the same rising trend, respectively by 0.03 percent, 0.01 percent, and 0.29 percent.

In the meantime, gold and US dollar prices climbed 0.82 percent and 0.03 percent, respectively, from June.

Medicine and healthcare service expenses remained unchanged.