Spiraling pork prices as the result of the African swine fever crisis pushes up November CPI in Bac Ninh province. (Photo: VNA) Bac Ninh (VNA) – The November consumer price index (CPI) in thenorthern province of Bac Ninh rose 1.37 percent from the previous month, thehighest increase so far this year.
According to the provincial statistics office, the CPI gain was driven largelyby spiraling pork prices as the result of the African swine fever crisis thatravaged the country’s pig population.
Among four groups of consumer goods and services that witnessed price increasesover last month, food and foodstuff witnessed the highest price surge of 6.57percent over last month, followed by restaurant and catering services, up 4.89percent. Garment, hats and footwear saw an increase of 0.57 percent, householdappliances - 0.42 percent, and other commodities 0.22 percent.
Meanwhile, four groups of goods experienced a price fall. Housing, electricity,water, fuel and building material saw a 1.58 percent reduction, while beverageand tobacco witnessed a 1.04 percent drop. The price of transportation was down0.6 percent and that of culture, entertainment and tourism down 0.09 percent.
The remaining three groupsof goods had their prices stable.
The average CPI in the 11-month period climbed 2.77 percent from the same timelast year. The statistics office forecast the consumer prices could continue tocreep up in December; however, the average index for the year would be keptunder 4 percent thanks to appropriate management policies./.
VNA
