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Aug 22, 2014 / 16:02

CPI in two largest cities rises considerably

The consumer price index (CPI) in the country`s two largest cities continued to rise in August, according to the statistics departments of Hanoi and HCM City.

The Hanoi Statistics Department reported that the capital's CPI rose in August by 0.19% over July, and increased 3.32% over the same period last year. 

The department added that the CPI increase in the capital city in August is equivalent to the previous month, despite the decrease in staple items, such as housing, building materials, electricity, tap water, fuel and transport costs. 


The CPI increase in Hanoi is attributed to the rising costs in restaurants and food services, which rose 0.38% against the previous month. 

Also, the surge of food and foodstuff prices increased by 0.66% against the previous month due to the high demand of the public during the seventh lunar month of this year and the upcoming Mid-Autumn Festival. 

Additionally, the garment and textile, and footwear groups rose considerably, by 0.38% against July. 

In HCM City, the HCM City Statistics Department reported the August CPI was up 0.05% against July. 

Five out of the 11 baskets of goods saw an increase in prices this month. Among these, restaurant and catering services rose by 0.32%, beverage and cigarette groups saw an increase of 0.05%, garment and education rose by 0.10% and commodity and other services were up 0.17%.