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HCM City’s CPI declines slightly in July

Ho Chi Minh City’s consumer price index (CPI) in July fell by 0.09 percent over the previous month, the first decrease since November 2009.
Ho Chi Minh City’s consumer price index (CPI) in July fell by0.09 percent over the previous month, the first decrease since November2009, said Du Quang Nam, Director of the city’s Statistics Office.

The index rose 8.71 percent over the same periodlast year and 4.78 percent since the beginning of the year.

Transport services saw the sharpest CPI fall of 1.05percent, followed by housing, electricity, water and constructionmaterials with 0.44 percent and post and telecom services with 0.15percent.

Meanwhile, several other commoditygroups still increased in prices, including restaurant services,foodstuff, drinks and cigarettes, garments and footwear, householdutensils, pharmaceuticals and health services.

In July, the price of gold increased by 1.83 percent and the US dollarwas up 0.43 percent over last month./.
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