CPI in Hanoi down compared to November

Hanoi (VNA) - The Consumer Price Index (CPI) in December of Hanoi have reduced in comparison with November, according to the statistics offices of the city.

The Hanoi Statistics Office reported that in December the CPI decreased 0.03 percent against November but had a year-on-year increase of 0.89 percent as compared to 2014.

The reduction was due to a fall in prices of catering services at 0.05 percent and transport services at 1.45 percent, as well as a drop in the world oil price and local petrol retail price twice this month.

Meanwhile, seven groups of goods saw an increase in prices, while prices of telecom and education services were unchanged against the previous month, the office said.

The housing, tapped water, fuel and building material reported the highest increase in price at 0.47 percent. Next was the price of the drinking and tobacco with a surge at 0.17 percent and home appliances, with an increase of 0.16 percent.

The office said the Hanoi market saw a reduction of 3.67 percent in gold prices but recorded a 0.55 percent rise in the United States dollar price against those prices in the month of November.

HCM City also saw reduction of 0.11 percent in the CPI of December as against the previous month. The city's CPI dropped 0.2 percent this year, HCM City Statistics Office said.

The reduction of the CPI this month was due to lower fuel prices on the world and local markets.-VNA