Business

HCM City’s CPI inches up 1.19 percent in February

The consumer price index (CPI) in the southern largest economic hub of Ho Chi Minh City increased 1.19 percent in February from the previous month, according to the city’s Statistics Office.
HCM City’s CPI inches up 1.19 percent in February ảnh 1Customers at Saigon Co.op (Photo: VNA)
HCM City (VNA) – The consumer price index (CPI) in the southernlargest economic hub of Ho Chi Minh City increased 1.19 percent in Februaryfrom the previous month, according to the city’s Statistics Office.

Among 11 groups of products and services in the CPI basket, the group ofhousing, electricity, water and construction materials had the highest priceincrease of 2.06 percent. This included a 13 percent hike in power price, 2.65percent rise in water price, and 0.14 percent fall in housing rent due to theCOVID-19 pandemic.

The prices of restaurant and catering services showed a bigjump of 1.35 percent, with those of foodstuff growing 1.79 percent fromJanuary. The strongest surges in this group were seen in the prices of pork(5.28 percent), beef (2.36 percent), poultry (3.99 percent) and aquaticproducts (3.12 percent) due to high demand during the traditional Lunar NewYear (Tet) holiday – the biggest traditional festival of Vietnamese people.

Moving in the same trend were groups of beverage and tobacco (0.41 percent), andgarment, hats and footwear (0.35 percent).

Affected by the petrol price hikes on January 26 and February 25,transportation fees increased by 1.68 percent.

In contrast, the prices of medicine and medical services dropped by 0.05percent, and those of the education group decreased by 0.01 percent.

The Statistics Office also said that the gold price went up by 1.1 percentwhile the price of US dollar expanded 0.02 percent as compared to January./.
VNA
#consumer price index (CPI) #Statistics Office #CPI basket #power price #foodstuff #beverage and tobacco #gold price #Vietnam News Agency #Vietnamplus Ho Chi Minh City
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