The southern metropolis of Ho Chi Minh City posted a month-on-month rise of 0.38 percent in the consumer price index (CPI) in October, the municipal Statistics Office reported.
HCM City (VNA) – The southernmetropolis of Ho Chi Minh City posted a month-on-month rise of 0.38 percent inthe consumer price index (CPI) in October, the municipal Statistics Office reported.
The office said the city’s CPI grew 3.78 percent in the January-October periodas compared with the corresponding time last year.
Seven out of the 11 commodity groups recorded price hikes , namely food andcatering services (up 0.5 percent), beverage and cigarette (0.04 percent),housing fees (0.37 percent), medicine and healthcare services (0.02 percent),transport (1.09 percent), education (1.09 percent), education (0.15 percent),and other goods and services (0.08 percent).
Meanwhile, three other groups saw price declines, including apparel, headwearand footwear (down 0.09 percent), postal and telecom services (0.09 percent),and culture, entertainment and tourism (0.02 percent). The group of householdutensils maintained their prices.
Experts pointed out factors that pushed up the CPI such as the African swinefever, floods and rising world gas price.
According to the office, the price of gold in October was down 0.71 percentmonth-on-month, but up 14.96 percent against December 2018 and 14.68 percentyear-on-year.
The price of US dollars in the month also decreased 0.01 percent as comparedwith September, 0.47 percent against December 2018 and 0.56 percentyear-on-year./.
The Steering Committee for Price Management held a meeting in Hanoi on September 27, during which Deputy Prime Minister Vuong Dinh Hue said that if there are no unexpected factors, this year’s inflation can be kept at around 3.3 – 3.5 percent.
The Consumer Price Index (CPI) in October picked up 0.59 percent from September, the biggest increase for the same month during the past three years, the General Statistics Office (GSO) announced on October 29.
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Illustrative image (Source: VNA) 
