The consumer price index (CPI) in November dropped by 0.27 percent compared to October due to the continuous decrease in petroleum prices.

Lower petrol prices in the last two months account for 0.24 percent of the CPI decrease, Head of the Price Statistics Department under the Ministry of Planning and Investment Nguyen Duc Thang explained.

According to the General Statistics Office (GSO), this is the second slump in CPI this year, after March. A slight decrease was seen in foodstuff as a result of an abundant supply and cheaper transport, whereas the consumer prices for garments, textiles, footwear and household equipment increased.

In November, the price of gold and the US dollar averaged around 3.5 million VND per tael and 21,350 VND per USD, respectively.

According to the GSO, the CPI for the past 11 months increased by 4.3 percent compared to the same period last year.

Thang predicted the CPI for December will be same as for this month.-VNA