Business

HCM City sees prices increase by 0.45 percent

Ho Chi Minh City’s October consumer price index posted a slight increase by 0.45 percent against last month, according to the municipal Statistics Department.
Ho Chi Minh City’s October consumer price index posted a slightincrease by 0.45 percent against last month, according to the municipalStatistics Department.

The prices of cigarettes and beverages recorded the highest rise of 1.30 percent.

Remarkable rises were also seen in housing, electricity, fuel andconstruction materials, up 1.16 percent, and food and restaurantservice, 0.51 percent.

According to experts, riceprices are standing at high levels due to high demand for export in theremaining months of the year.

Vietnam ’s exportrice price is at the same level with Thailand ’s, with price of ricewith 5 percent of broken rice standing at 475 USD per tonne.

It is predicted that the price of rice in the city will continue to increase slightly.

Gold surged 8.09 percent over the previous month due to the increasein the world’s gold price while the US dollar value rose by 0.89percent./.
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