Vietnam’s consumer price index (CPI) in November went up 0.13 percent monthly, 2.62 percent annually and 2.38 percent from the last December, reported the General Statistics Office (GSO) (Photo: VNA) Hanoi (VNA) – Vietnam’s consumer price index(CPI) in November went up 0.13 percent monthly, 2.62 percent annually and 2.38percent from the last December, reported the General Statistics Office (GSO).
The 11-month CPI rose 3.61 percent year-on-year.
Eight out of the 11 commodity groups enjoyed rises, with thehighest growth of 0.68 percent seen in transport. It was followed by medicinesand health services (0.2 percent); apparel, headwear and footwear (0.15percent); goods and other services (0.14 percent); food and catering services(0.11 percent).
Only prices of housing and construction materials, post andtelecommunications, and culture, entertainment and tourism dropped.
Do Thi Ngoc, deputy head of the GSO’s Prices StatisticsDepartment, attributed the price hike to the recent flood in the central regionwhich pushed up food prices in Phu Yen (1.62 percent), Ninh Thuan (1.51percent), Khanh Hoa (1.05 percent), Quang Ngai (0.98 percent) and Binh Dinh(0.74 percent).
Petrol price adjustments on November 4 and November 20 alsoraised transport prices by 0.68 percent. Health service price hikes in QuangNinh, Quang Tri and Bac Lieu and higher tuition fees in Quang Ninh and Bac Lieualso contributed to CPI growth.
Falling prices of pork, iron and steel, domestic tourscurbed CPI hike.
According to the GSO, core inflation that is the CPIexcluding food and beverages, energy and State-controlled services likehealthcare and education, in November rose by 0.06 percent from the last month,and 1.32 percent year-on-year.
The average core inflation in the first 11 months wasestimated at 1.44 percent, lower than the previous forecast of 1.6 – 1.8percent indicating the effectiveness of the current monetary policy.
The CPI in December is predicted to rise slightly from theprevious month, mostly due to adjusted prices of food, health care services, constructionmaterials and petrol.-VNA
The 11-month CPI rose 3.61 percent year-on-year.
Eight out of the 11 commodity groups enjoyed rises, with thehighest growth of 0.68 percent seen in transport. It was followed by medicinesand health services (0.2 percent); apparel, headwear and footwear (0.15percent); goods and other services (0.14 percent); food and catering services(0.11 percent).
Only prices of housing and construction materials, post andtelecommunications, and culture, entertainment and tourism dropped.
Do Thi Ngoc, deputy head of the GSO’s Prices StatisticsDepartment, attributed the price hike to the recent flood in the central regionwhich pushed up food prices in Phu Yen (1.62 percent), Ninh Thuan (1.51percent), Khanh Hoa (1.05 percent), Quang Ngai (0.98 percent) and Binh Dinh(0.74 percent).
Petrol price adjustments on November 4 and November 20 alsoraised transport prices by 0.68 percent. Health service price hikes in QuangNinh, Quang Tri and Bac Lieu and higher tuition fees in Quang Ninh and Bac Lieualso contributed to CPI growth.
Falling prices of pork, iron and steel, domestic tourscurbed CPI hike.
According to the GSO, core inflation that is the CPIexcluding food and beverages, energy and State-controlled services likehealthcare and education, in November rose by 0.06 percent from the last month,and 1.32 percent year-on-year.
The average core inflation in the first 11 months wasestimated at 1.44 percent, lower than the previous forecast of 1.6 – 1.8percent indicating the effectiveness of the current monetary policy.
The CPI in December is predicted to rise slightly from theprevious month, mostly due to adjusted prices of food, health care services, constructionmaterials and petrol.-VNA
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