R20 battery production line in Hanoi (Photo: VNA)

Hanoi (VNA) – Vietnam’s producer price index (PPI) in the first quarter of the year tapered off 0.73 percent from the previous quarter and 1.01 percent down against the same period last year, according to the General Statistics Office (GSO).

The GSO attributed the slowdown of the industrial PPI to the curse of falling crude oil and iron ore prices.

Alongside this, low demand for electricity consumption during winter also caused a slump in power prices, which led indusial production prices to drop in the quarter.

During the three-month period ending in March, reduction in prices was seen in mining products (3.9 percent), processing-manufacturing products (0.13 percent) and power production and distribution (1.35 percent).

In contrast, the price index for the sector producing clean water and treating waste water expanded 0.41 percent against 2015’s Quarter 4.-VNA