Petro price hikes push Hanoi’s CPI up 0.24 percent
Hanoi’s consumer price index (CPI) in October increased 0.24 percent month-on-month and 4.09 percent year on year as transport costs rose 1.42 percent due to the petrol price hikes, according to the Hanoi Statistics Department.
Hanoi’s consumer price index (CPI) in October increased 0.24 percent month-on-month. (Photo: VNA)
Hanoi (VNA) – Hanoi’s consumer price index (CPI) in October increased0.24 percent month-on-month and 4.09 percent year on year as transport costs rose1.42 percent due to the petrol price hikes, according to the Hanoi StatisticsDepartment.
The price of petrol was reduced on October 22 by between 144-224 VND per litre,but the decrease was not significant compared to the previous increase onOctober 6 by between 577-675 VND per litre, so the average price of petrol wasstill rising.
The group of garment, hats and footwear saw the highest price increase at 0.48percent month on month. The price for the group of culture, entertainment andtourism services increased 0.44 percent over the previous month. The growthrate of the price of other goods was not significant.
Some prices of items in the garment group tended to increase slightly due tohigher demand for winter-autumn garment products as the weather in the northcools down.
The housing, electricity, water, fuel and building materials prices increased0.31 percent over the previous month.
Two groups that saw a reduction in the price index were the restaurant andcatering services, and post and telecommunications. After a long period ofprice rises, the price of restaurant and catering service fell by 0.08 percentmonth on month. Food prices dropped by 0.12 percent over the previous month dueto the fall in prices of pork, poultry meat and most vegetables.
The pork price fell by 3,000-5,000 VND per kilo due to high pork supply. At thesame time, large livestock companies have continuously reduced pork prices,affecting the pork price in the domestic market.
The weather is very favourable for the development of winter vegetables so themarket has a high supply of vegetables, leading to a low price for vegetables.The prices of aquatic products such as fish, clams, squid and shrimp increasedslightly due to higher transportation costs.
🎶 This month, prices for both of gold and US dollar increased by 0.4 percent and0.23 percent, respectively, over the previous month.-VNA
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Hanoi’s consumer price index (CPI) in October increased 0.24 percent month-on-month. (Photo: VNA) 
