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Hanoi's CPI falls in November

Hanoi’s Consumer Price Index (CPI) fell 0.3 percent in November due to lower petroleum prices, according to the Municipal Statistics Office.
Hanoi’s Consumer Price Index(CPI) fell 0.3 percent in November due to lower petroleum prices,according to the Municipal Statistics Office.

Therewas a sudden change in September attributed to increased educationcosts at the beginning of the new academic year, followed by a slightincrease of 0.04 percent in October.

Among the 11groups of products and services in the CPI basket, a decline wasrecorded in three groups: restaurants and soft drinks (down 0.11percent), housing and building materials, electricity, water and fuel(down 0.84 percent) and transport services (down 2.93 percent).

One group remained unchanged and the seven remaining groups rose from 0.02 percent to 0.42 percent.

CPI of housing, electricity, water, fuel and construction materialsdropped by 0.84 percent due to falling kerosene prices. From thebeginning of November, the gas price also dropped 40,000 VND per 12kgcanister. Steel prices also saw a slight decline.

Restaurants and catering services experienced a decline of 0.11 percentdue to the falling price of foodstuffs such as rice, poultry meat andvegetables.-VNA

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