Hanoi’s March CPI Plunges to 0.19pct: GSO

21-Mar-2012 Intellasia | GSO | 7:01 AM Print This Post

Hanoi consumer price index (CPI) was estimated to have increased by 0.19 percent on-month in March 2012, driven by price hike of rent, electricity, water, fuel and construction materials, the municipal general Statistical Office (GSO) said.

2012′S March CPI posted the lowest growth of March CPI in 3 recent years (2011′ s March CPI rose 2.41 percent; 2010′s March CPI rose 0.75 percent).

The March CPI increase has extended the figure increase to 2.62 percent from December 2011 and up 13.1 percent on year.

In March, as many as 9 out of 11 baskets of commodities comprising the index saw the price hikes; while prices of postal services and telecommunication stood still; prices of food and food stuff eased from February.

The biggest price hike in the month were seen in rent, electricity, water, fuel and construction materials basket,rising 2.84 percent on month; prices of traffic rose by 1.36 percent, ranked second due to recent upward adjustment of gas and petroleum prices in March.

Bucking the trend of the previous year, prices of rice were stable and slightly eased in the month. Prices of food stuffs also edged down; prices of footwear and hat were stable. However prices of gas and petroleum soared following the world prices.

Not included in the CPI components, gold prices decreased by 0.11 percent and the U.S dollar prices fell by 0.67 percentin March.

Ho Chi Minh ‘s March CPI increased 0.12 percent from February.

 


Category: Economy

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