Hanoi’s July CPI falls further

Hanoi’s consumer price index (CPI) in July continued to fall 0.29 percent from the previous month and rose 4.64 percent over the same period last year, Hanoi Statistics Office reported.

Thus, this is the third consecutive month in 2012 the capital city’s CPI has seen month on month fall and marked the strongest decline since early this year so far.

In month, as many as eight groups of commodities posted increases in price, of which highest rise was seen in group of garment and textile, hat and footwear (up 1.09%), household appliances (up 0.81%) and six remaining groups posted slight rises.

Three groups with falls in CPI helped reduce the common price index namely restaurant and catering services (down 0.21%), housing, electricity, water, fuel and construction materials (down 1.2%) and the strongest fall was for transport group (down 2.9%) thanks to the constant reductions of oil and gas prices (two times) recently.

 

Category: Economy