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

There was a sudden change in September attributed to increased education costs at the beginning of the new academic year, followed by a slight increase of 0.04 percent in October.

Among the 11 groups of products and services in the CPI basket, a decline was recorded in three groups: restaurants and soft drinks (down 0.11 percent), 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 materials dropped by 0.84 percent due to falling kerosene prices. From the beginning of November, the gas price also dropped 40,000 VND per 12kg canister. Steel prices also saw a slight decline.

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