Seven-month CPI sees lowest rise in 13 years
The CPI in the first seven months of 2014 was up 1.62 percent year-on-year.
The consumer price index (CPI) in July rose only 0.23 percent over the
previous month, driving the seven-month figure up 1.62 percent, the
lowest increase in 13 years.
The July figure also represented a rise of 4.94 percent compared to the same period last year, announced the General Statistic Office (GSO) on July 24.
In the month, all 11 groups in the commodity basket experienced price hikes ranging from 0.04 percent to 0.44 percent. The highest was recorded in transport services as a result of petrol price increases in late June and early July.
Meanwhile, culture, entertainment and tourism services registered the most modest price rise.
Prices of restaurants and catering services continued to see a remarkable increase of 0.26 percent. Medicine and health services had their prices unchanged.
Experts forecast the CPI will continue to rise in August as the new school year begins-VNA
The July figure also represented a rise of 4.94 percent compared to the same period last year, announced the General Statistic Office (GSO) on July 24.
In the month, all 11 groups in the commodity basket experienced price hikes ranging from 0.04 percent to 0.44 percent. The highest was recorded in transport services as a result of petrol price increases in late June and early July.
Meanwhile, culture, entertainment and tourism services registered the most modest price rise.
Prices of restaurants and catering services continued to see a remarkable increase of 0.26 percent. Medicine and health services had their prices unchanged.
Experts forecast the CPI will continue to rise in August as the new school year begins-VNA
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