HCM City’s CPI falls 0.25 percent in November

Hanoi (VNA) – The consumer price index (CPI) of Ho Chi Minh City in November fell 0.25 percent against the previous month but increased 2.98 percent year-on-year, announced the city’s Department of Statistics on November 29.

Among the 11 groups of commodities, seven saw price decreases month-on-month, with transport costs recording the highest decline of 2.09 percent due to two petrol price falls during the month.

It was followed by the group of housing, electricity, water, fuel, and building materials, down 0.26 percent; and post and telecom services (0.11 percent); home appliances (0.03 percent); medicine and health services (0.02 percent); beverage and tobacco (0.01 percent); and culture, entertainment and tourism (0.01 percent).

According to the department, there were also groups of commodities maintaining stable prices such as education and other goods and services, and restaurant and catering services.

In November, only the group of garment, headwear and footwear experienced a price increase of 0.03 percent compared to the previous month.

The price of gold rose by 0.03 percent while the price of US dollar went down by 0.04 percent month-on-month.

Meanwhile, in Hanoi, the CPI saw a decrease of 0.26 percent in November against the previous month and 4.17 percent year-on-year.

The country’s November consumer price index was down 0.29 percent from October, driven by cheaper petrol prices, the General Statistics Office (GSO) reported on November 29.

This month’s CPI rose 3.46 percent year-on-year and 3.24 percent from last December. The eleven-month figure picked up 3.59 percent from the same time last year-VNA