Ho Chi Minh City’s consumer price index (CPI) in May rebounded to rise by 0.36 percent over the previous month, following two consecutive downward months, driven by price hikes of foodstuff and restaurant services.

The figure represents a year-on-year increase of 5.04 percent due to a price hike in education as a result of new school fee and tuition regulations introduced last September.

According to the municipal Statistics Office, foodstuff and restaurant services posted the highest rise of 0.71 percent during May, followed by housing-electricity-fuel and construction materials at 0.38 percent.

Transport and culture-entertainment-tourism services also shared the same trend, up 0.19 percent and 0.15 percent, respectively.

The gold price dropped by 0.61 percent while the US dollar price rose by 0.03 percent against April.-VNA