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CPI rises slightly in June

In Uncategorized on June 25, 2010 at 12:41 pm

The country’s consumer price index (CPI) rose by 0.22 percent in June over the previous month and has risen 8.75 percent year-on-year, said the General Statistics Office.

CPI figures for Hanoi and Ho Chi Minh City. (Photo:chinhphu.vn)

The highest increase came in the market for alcohol and tobacco, which increased 0.62 percent, perhaps due to hot weather bolstering the demand for beverages.


Costs for construction materials registered lowest level of increase, 0.01 percent, due declining prices for steel and gasoline.


The price of food and catering services surged by 0.37 percent; the price of rice however, decreased by 0.83 percent.


The CPI in June only a increased slightly due to the continually reducing price of rice, plus prices of many other essential commodities, such as petrol, oil, building materials, medicines and food also seeing reductions or moderate increases.


The price of gold increased by 3.09 percent over the previous month, spurned on by fluctuations in the US and EU markets.


The US dollar exchange rate, meanwhile, continued to decline 0.17 percent on the domestic market versus last month.


Ho Chi Minh City’s consumer price index (CPI) rose by 0.35 percent over the previous month and up 4.88 percent from the beginning of the year, said the office.


The highest increases were seen in entertainment and tourism services, housing and electricity. Water and construction materials rose 0.93 percent and 0.87 percent respectively; restaurant services increased by 0.57 percent and postal and telecom services went up 0.42 percent.


Hanoi’s CPI rose by 0.21 percent, driving up its six months figure to 5.13 percent.


Da Nang City’s CPI rose by 0.28 percent and Hai Phong City’s CPI 0.38 percent.

Source: SGGP

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