Illustrative image (Source: VNA)

HCM City (VNA) – The consumer price index (CPI) of Ho Chi Minh City in August increased 0.48 percent against the previous month and 3.51 percent compared with the same period last year, the municipal Statistics Office reported on August 30.

Eight of 11 groups of commodities saw their prices go up in the month, with the highest rise recorded in food and catering services at 0.84 percent month-on-month.

Other groups with hikes were housing, electricity, water, fuel and construction materials, up 0.75 percent; goods and other services, 0.46 percent; transport, 0.27 percent; household utensils, 0.21 percent; culture, entertainment and tourism, 0.13 percent; and education, 0.1 percent.

Some groups experienced a drop in their prices such as clothing, hats and footwear, down 0.77 percent; post and telecommunications, 0.05 percent; and medicine and health services, 0.12 percent. Beverages and tobacco remained stable.

In August, the gold price declined 0.19 percent while that of the US dollar went up 1.18 percent against last month.

The country’s CPI in the month inched up 0.45 percent month-on-month, and 3.89 percent from the same time last year, pushing up the eight-month figure to 3.52 percent year on year, according to the General Statistics Office (GSO).

The GSO forecasts a rise in September’s CPI due to price surge in education service, pork price, gas and gasoline.-VNA