HCM City’s CPI falls first time after nearly 2-year rise

HCM City’s CPI (consumer price index) in June 2012 is estimated to have declined by 0.43 percent from May, marking the first on month fall after 21 months of constant rises, according to HCM City Statistics Bureau.

Of total 11 groups of goods, five groups saw falls including culture and entertainment (-2.62%), housing, electricity, water and fuel (-2.02%), other goods and services (-0.17%) and apparel products and hats (-0.07%).

In the upside, six remaining groups saw negligible increases, of which, restaurant and catering services posted the strongest rise of 0.18 percent (the rise was due to the 1.18 percent increase of restaurant group whereas the groups of food and foodstuff decreased 0.51 percent and 0.3 percent respectively).

Thus, in comparison with June 2011, the city’s CPI is estimated to have surged only 6.01%. Of which, the group of restaurant and catering services is estimated to have soared 7.94 percent (food up 8.71 percent and foodstuff up 3.56%), education up 8.41%, household appliances up 7.8%, other goods and services up 8.67%.

If comparing to December 2011, the city’s CPI is estimated to have soared 2.05%, of which, the price index of food is estimated to have fallen 2.53 percent while foodstuff up 0.4%.

 

Category: Economy