Hanoi’s consumer price index (CPI) in January grew 0.22 percent from the previous month and 3.92 percent year on year, according to the city’s Statistics Office.
Food, and eating and drinking services in Hanoi have rebounded to rise 0.92 percent in January compared to December 2018 (Photo: VNA)
Hanoi (VNA) – Hanoi’s consumer price index (CPI)in January grew 0.22 percent from the previous month and 3.92 percent year onyear, according to the city’s Statistics Office.
Almost all goods categories recorded priceincreases, except for transport and postal – telecom services.
Notably, after declines for several months,prices of food, and eating and drinking services have rebounded to rise 0.92percent from December 2018, making them the group with the strongest pricehike, data showed.
The prices of foods like pork, poultry, beef,aquatic products and vegetables surged in the month ahead of the Lunar New Yearfestival (Tet) that falls in early February, throughout which consumptiondemand usually skyrockets.
Travel and entertainment demand has alsoincreased sharply, leading to a price rise of 0.78 percent in the category ofculture, entertainment and tourism.
Meanwhile, petrol and diesel prices in Januaryhave dropped strongly by 6.89 percent from last month, following price cuts nationwide.As a result, transport service prices in Hanoi have fallen 2.92 percent, themunicipal Statistics Office said.-VNA
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Food, and eating and drinking services in Hanoi have rebounded to rise 0.92 percent in January compared to December 2018 (Photo: VNA) 
