Vietnam’s CPI in November rises 0.39pct month on month: GSO

In its latest report, General Statistical Office (GSO) said Vietnam’s CPI (consumer price index) in November is estimated to have increased 0.39 percent from October and 19.83 percent over the same period last year.

Thus, after slowing down for three consecutive months, the country’s CPI surged again in November.

In comparison with December 2010, the country’s CPI surged 17.5 percent.

Therefore, the average CPI in the first 11 months of this year soared 18.62 percent year-on-year.

The price index of restaurant and catering service groups (accounting for the biggest proportion in the basket for CPI calculation) posted a rise of 0.56 percent from October, of which the group of food increased 3.25 percent but foodstuff decreased 0.26 percent and restaurant group rose by 0.43 percent on month.

The price of housing and building materials groups (including house rental, electricity, water, fuel and construction materials) increased 0.12 percent.

The expense for education still increased 0.8 percent.

Together with the foodstuff group, three other groups also saw month on month fall in CPI such as transport group (down 0.01 percent), post and telecommunication (down 0.01 percent) and culture, entertainment and tourism (down 0.02 percent).

The group with highest CPI rise in month was garment and textile, hat and footwear (up 0.65 percent).

Also in month, the gold price increased 0.27 percent and US dollar price surged 0.69 percent.

The CPI rise in November against October at some localities was Hanoi (up 0.29 percent), HCM City (up 0.28 percent), Thai Nguyen (up 0.21 percent), Hai Phong (up 0.27 percent), Da Nang (up 0.53 percent), Khanh Hoa (up 0.56 percent) and Vinh Long (up 0.73 percent).

 

Category: Economy