February’s CPI up 0.8 percent - Illustrative image (Source: VNA)

Hanoi (VNA) – Vietnam’s consumer price index (CPI) in February rose by 0.8 percent over the previous month, and 2.64 percent year-on-year, the General Statistics Office (GSO) announced on February 28.

The two-month index inched up 2.6 percent compared with that of the same period last year.

Among the 11 main commodity groups, nine reported increases in prices, with food and catering services experiencing the highest at 1.73 percent – driven by high demand during the Tet (Lunar New Year) holidays.

The price of housing and building materials rose by 0.69 percent; culture, entertainment, and tourism by 0.66 percent; and drinking and tobacco by 0.35 percent.

Decreases were seen in prices of education (0.47 percent) and post and telecommunications (0.03 percent).

During the month, gold prices were up 1.53 percent month-on-month, but down 0.16 percent year-on-year. In contrast, the price of the US dollar fell 0.09 percent against the previous month, but rose by 2.24 percent from the same period last year.

According to the GSO, February’s inflation inched up 0.48 percent compared with that of January, and 1.82 percent year-on-year, pushing the two-month inflation up 1.82 percent year-on-year. –VNA