Business

CPI in October shows three-year high rise

The Consumer Price Index (CPI) in October picked up 0.59 percent from September, the biggest increase for the same month during the past three years, the General Statistics Office (GSO) announced on October 29.
CPI in October shows three-year high rise ảnh 1The CPI rose 0.59 percent in October, the biggest increase for the same month during the past three years. Illustrative image (Photo: VNA) 

Hanoi, (VNA) – The Consumer Price Index (CPI) in October picked up 0.59 percentfrom September, the biggest increase for the same month during the past threeyears, the General Statistics Office (GSO) announced on October 29.

TheGSO said the high increase is attributable to declining supply of pork due tothe African swine fever disease, rising world petrol price, and upwardadjustment of education fees.

Theaverage CPI for the first 10 months of the year went up 2.48 percent on ayearly basis, the lowest increase for the period in the recent three years.

Amongthe 11 groups of commodities and services in the price basket, 10 groups postedincreases, with the highest rise of 1.04 percent seen in restaurants andcatering services prices. Transport prices rose 0.99 percent, housing andconstruction materials 0.53 percent, and education 0.19 percent.

Onlythe prices of post and telecommunication declined, by 0.06 percent.

Accordingto Do Thi Ngoc, director of the GSO’s Pricing Statistics, besides the factorsthat pushed up the CPI, the decreases in the prices of live poultry and eggs,fruits, and train tickets helped curbed the CPI.

Thecore CPI in October (excluding foodstuff, fresh food, energy and State-controlledcommodities which are health care and educational services) grew 0.15 percent month-on-monthand 1.99 percent year-on-year. The average core CPI for the January-Octoberperiod rose 1.92 percent from the same period last year./.

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