High pork prices were among the factors contributing to the CPI growth in June (Photo: VNA) Hanoi (VNA) – The June consumer price index (CPI) rose0.66 percent month-on-month and 3.17 percent year-on-year but was down 0.59percent against December 2019, the General Statistics Office reported on June29.
The average CPI in the first half grew 4.19percent, while core inflation (CPI excluding grains, fresh foodstuffs, energy,and State-managed healthcare and education) was 2.81 percent higher than in thesame period of last year, data reveals.
Seven of the eleven groups of main consumergoods and services recorded month-on-month price hikes in June - transport(6.05 percent), food and restaurant services (0.44 percent), beverage andcigarettes (0.09 percent), household appliances and goods (0.07 percent),medicine and healthcare services (0.01 percent), education (0.01 percent), andother goods and services (0.19 percent).
Three groups saw falling prices - housing andconstruction materials (0.42 percent), postal and telecoms services (0.04percent), and culture, entertainment, and tourism (0.01 percent).
The prices of garments, footwear, and headwearremained stable, the GSO noted.
Director of the GSO’s Price StatisticsDepartment Do Thi Ngoc said the June CPI growth was partly driven by two petrolprice hikes and high pork prices due to unstable supply.
There were also factors curbing the increase,she noted, with rice prices falling as the harvest of the winter-spring crop wascompleted, while prices of fresh aquatic products were down because of lowerinput costs and falling demand from importing countries and tourists.
Household electricity prices were also cut inJune to assist those affected by COVID-19, under decisions from the Governmentand the Ministry of Industry and Trade.
The GSO added that in the first half, overallinflation rose at a faster pace than core inflation, reflecting the fact thatprice changes were driven mainly by non-monetary factors such as food andpetrol prices./.
VNA
