Inflation reheats in major cities
Consumer price index
(CPI) in the country's two biggest cities in August increased again
after two consecutive months of decline due to the soaring price of
fuel, according to statistics office estimates.
Consumer price index
(CPI) in the country's two biggest cities in August increased again
after two consecutive months of decline due to the soaring price of
fuel, according to statistics office estimates.
According to the Hanoi Statistics Office, the capital's CPI rose 0.57 percent in August against the previous month. Compared with the last month of 2011, the CPI surged 2.86 percent.
The CPI month-on-month rise in HCM City in August was higher at 0.66 percent. The rise was 2.14 percent compared with the last month of 2011, reported the HCM City Statistics Office.
Among 11 commodities that are used to calculate the CPI, prices of most of them rose against last month in both cities. Hanoi saw a price hike for 10 commodities while the figure in HCM City was nine.
The biggest price hike in the capital was seen in housing and building materials which rose 2.89 percent, followed by transportation services at 1.1 percent. Month-on-month price increases ranging from 0.33 percent to 0.65 percent were reported on garment, footwear, beverages and cigarettes, household goods and utensils, medicine and healthcare services.
In HCM City , the highest price rise of 3.56 percent was reported for the item of culture-sport-entertainment. Transportation service was followed with a hike of 1.17 percent.
Statistic office estimates on Aug. 21 also reported that Hanoi faced a trade deficit of up to 8.82 billion USD while HCM City gained a trade surplus of 1.58 billion USD in the first eight months of the year.
The Hanoi Statistics Office said the capital fetched an export turnover of roughly 874.5 million USD in August, up 1.3 percent over the same period last year. It raised the city's export value in the first eight months of the year to more than 6.65 billion USD, up 4.3 percent.
The city, meanwhile, spent roughly 2.07 billion USD on imports in August, down 1.6 percent over the same period last year. The capital's import value in the first eight months totalled 15.48 billion USD, down 6.2 percent.
HCM City, meanwhile, spent more than 17.68 billion USD on imports in the first eight months, up 3.7 percent over the same period last year. It earned nearly 19.27 billion USD from exports in the period, up 1.2 percent over the same period last year.-VNA
According to the Hanoi Statistics Office, the capital's CPI rose 0.57 percent in August against the previous month. Compared with the last month of 2011, the CPI surged 2.86 percent.
The CPI month-on-month rise in HCM City in August was higher at 0.66 percent. The rise was 2.14 percent compared with the last month of 2011, reported the HCM City Statistics Office.
Among 11 commodities that are used to calculate the CPI, prices of most of them rose against last month in both cities. Hanoi saw a price hike for 10 commodities while the figure in HCM City was nine.
The biggest price hike in the capital was seen in housing and building materials which rose 2.89 percent, followed by transportation services at 1.1 percent. Month-on-month price increases ranging from 0.33 percent to 0.65 percent were reported on garment, footwear, beverages and cigarettes, household goods and utensils, medicine and healthcare services.
In HCM City , the highest price rise of 3.56 percent was reported for the item of culture-sport-entertainment. Transportation service was followed with a hike of 1.17 percent.
Statistic office estimates on Aug. 21 also reported that Hanoi faced a trade deficit of up to 8.82 billion USD while HCM City gained a trade surplus of 1.58 billion USD in the first eight months of the year.
The Hanoi Statistics Office said the capital fetched an export turnover of roughly 874.5 million USD in August, up 1.3 percent over the same period last year. It raised the city's export value in the first eight months of the year to more than 6.65 billion USD, up 4.3 percent.
The city, meanwhile, spent roughly 2.07 billion USD on imports in August, down 1.6 percent over the same period last year. The capital's import value in the first eight months totalled 15.48 billion USD, down 6.2 percent.
HCM City, meanwhile, spent more than 17.68 billion USD on imports in the first eight months, up 3.7 percent over the same period last year. It earned nearly 19.27 billion USD from exports in the period, up 1.2 percent over the same period last year.-VNA
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