Business

Statistics office says CPI grows slightly in Q1

The consumer price index (CPI) grew 2.82 percent in the first three months of 2018 compared to the same period last year, reported the General Statistics Office (GSO).
Statistics office says CPI grows slightly in Q1 ảnh 1The consumer price index (CPI) gr​ows 2.82 percent in the first three months of 2018. (Photo: VNA)

Hanoi (VNA) - The consumer price index (CPI) grew 2.82 percent in the firstthree months of 2018 compared to the same period last year, reported theGeneral Statistics Office (GSO).

The GSO and the Ministry of Planning and Investment held a press conference inHanoi on March 29 to inform the country’s socio-economic indexes in the firstquarter of this year.

InMarch, the index declined 0.27 percent from February but increased 2.66 percentover the same period last year.

Thegrowth of CPI in the first quarter was attributable to an annual surge in anumber of goods categories.

Theprice index of health services soared 35.32 percent during the period, bringingthe overall CPI up by 1.37 percent. The increase was a result of the HealthMinistry issuing reference fees for health services targeting people withouthealth insurance across 18 centrally run provinces and cities.

Anumber of provinces increased tuition fees in the months, making the priceindex of educational services up by 6.57 percent, thus adding 0.34-percentincrease to the overall CPI.

Workers’average wage has been raised since January 1 this year, followed by increasesin prices of maintaining and fixing household items and water-electricityservices.

The first and secondmonths involved the New Year holidays so there was a high demand for goods and thenprices across various services, including food, beverage, apparel, publictransport, and tourism were up.

The price ofbeverage and cigarettes and that of ready-to-wear clothes rose 1.36 percent and1.39 percent, respectively, while the price of public transport service rose1.87 percent year on year.

The price of gas was up by 2.83 percent and that of petroleum surged 9.18percent year on year.

The price of USdollar remained quite stable while that of gold fluctuated to the price in theworld.

According to the GSO, core inflation in January-March (CPI exclusive of freshfood, energy and State-run health and education services) moved up 1.34 percentyear-on-year.-VNA
VNA
#consumer price index (CPI) #2.82 percent #first three months of 2018 #General Statistics Office (GSO) #socio-economic indexes #annual surge #goods categories #health services #educational services #Vietnam News Agency #Vietnamplus
Follow VietnamPlus

Related News

Hanoi, HCM City both see CPI rise in February

Hanoi, HCM City both see CPI rise in February

The consumer price index (CPI) of Hanoi and Ho Chi Minh City in February rose by 0.89 percent and 0.34 percent over the previous month, and up 2.86 percent and 2.41 percent year-on-year, respectively.
HCM City’s CPI falls 0.3 percent in March

HCM City’s CPI falls 0.3 percent in March

The CPI of Ho Chi Minh City in March fell 0.3 percent from the previous month, but rose 2.2 percent compared to the same period last year, reported the municipal Statistics Office on March 29.

See more

Russian visitors to Nha Trang city of Khanh Hoa province. (Photo: Vietjet)

Vietjet launches first-ever direct flights connecting Vietnam and Russia

As Vietnam’s largest private carrier, Vietjet has been awarded the highest ranking for safety with 7 stars by the world’s only safety and product rating website airlineratings.com and listed as one of the world's 50 best airlines for healthy financing and operations by Airfinance Journal in many consecutive years.

Representatives from outstanding businesses selected to participate in the "Vietnam National Pavilion" in 2025. (Photo: hanoimoi.vn)

Vietnamese businesses head to global e-commerce

In mid-June, the Vietnam Trade Promotion Agency (VIETRADE) at the Ministry of Industry and Trade (MoIT) in collaboration with Alibaba.com announced a list of 200 outstanding businesses selected to participate in the "Vietnam National Pavilion" in 2025.

Prime Minister Pham Minh Chinh speaks at the meeting. (Photo: VNA)

PM sees global tensions as chance to reshape economy

The PM outlined a dual strategy: revitalising traditional growth engines of investment, exports, and consumption, while accelerating breakthroughs in sci-tech, innovation, digital transformation, and green transition.

Prime Minister Pham Minh Chinh chairs a national teleconference to review the fight against smuggling, trade fraud, counterfeit goods, and intellectual property rights infringement. (Photo: VNA)

Prime Minister chairs national teleconference on fight against counterfeit goods

He requested delegates to provide objective and honest feedback on what has been achieved, what has not, the consequences, and draw lessons learned for the future. He also emphasised the need to identify key directions and tasks, with a firm resolve to prevent, and eventually eliminate the trafficking of counterfeit medicines and fake food products.

Producing electronic components for export at Tu Ha Industrial Park, Huong Tra township, Hue city. (Photo: VNA)

Vietnam becomes Singapore's 8th largest export market

Vietnam ranked as the 8th largest export market of Singapore with an export turnover of more than 11.7 billion SGD (9.06 billion USD) in the first five months of this year, four places higher than that of the same period last year.

The dialogue spotlights the enduring role of public-private partnerships in shaping and advancing Vietnam-US relations over the past three decades. (Photo: VNA)

Dialogue talks role of public-private partnership in Vietnam-US relations

Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.

The Tan Thuan Export Processing Zone is connected to Tan Thuan Port, forming a manufacturing–export ecosystem for Ho Chi Minh City. (Photo: VNA)

HCM City industrial parks set 20 billion USD investment target for 2025–2030

According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.