April’s CPI sees slight rise
The Consumer Price Index (CPI) in April increased by only 0.14 percent
over the
previous month, but was up 9.23 percent over the same period last year,
according to the General Statistics Office (GSO).
The Consumer Price Index (CPI) in April increased by only 0.14 percent over the
previous month, but was up 9.23 percent over the same period last year,
according to the General Statistics Office (GSO).
As a result, the four-month CPI rose by 4.27 percent against December 2009 and 8.69 percent compared to the first four months of last year.
Nine out of 11 groups of goods saw an increase in prices from 0.12-2.51 percent. Housing and construction materials posted the highest price increase (up 2.51 percent), followed by household utensils (up 0.45 percent); beverages and cigarettes (up 0.37 percent); and textiles, garments and footwear (up 0.12 percent).
Prices of education and transportation services saw the lowest rise of 0.12 percent while catering, post and telecommunication services experienced a decrease in price. The drop in food and drink prices is considered the major reason for the slowdown of the CPI in April because they make up 40 percent of the CPI.
According to the GSO, the surge in the price of housing and construction materials did not seriously affect the index in April as they count for only 10 percent.
Gold prices in April were down 0.8 percent compared to March, following a fall in the global market. This led to a 4.53 percent decrease in gold prices in the last four months as compared to December 2009.
The price of US dollar went down by 0.28 percent against the previous month which is attributed to the adjustment of the foreign exchange policy by the State Bank of Vietnam .
The GSO says the CPI in May is estimated to rise by only 0.3-0.4 percent./.
As a result, the four-month CPI rose by 4.27 percent against December 2009 and 8.69 percent compared to the first four months of last year.
Nine out of 11 groups of goods saw an increase in prices from 0.12-2.51 percent. Housing and construction materials posted the highest price increase (up 2.51 percent), followed by household utensils (up 0.45 percent); beverages and cigarettes (up 0.37 percent); and textiles, garments and footwear (up 0.12 percent).
Prices of education and transportation services saw the lowest rise of 0.12 percent while catering, post and telecommunication services experienced a decrease in price. The drop in food and drink prices is considered the major reason for the slowdown of the CPI in April because they make up 40 percent of the CPI.
According to the GSO, the surge in the price of housing and construction materials did not seriously affect the index in April as they count for only 10 percent.
Gold prices in April were down 0.8 percent compared to March, following a fall in the global market. This led to a 4.53 percent decrease in gold prices in the last four months as compared to December 2009.
The price of US dollar went down by 0.28 percent against the previous month which is attributed to the adjustment of the foreign exchange policy by the State Bank of Vietnam .
The GSO says the CPI in May is estimated to rise by only 0.3-0.4 percent./.