During the month, transportation recorded the largest decrease of 3.38%, followed by housing, electricity, water, fuel and construction materials (down 0.62%). Only post and telecommunication services kept stable.
Eight out of 11 products saw price increase, however, they just rose slightly, such as restaurant services (up 0.48%), beverages and tobacco (0.42%), culture, entertainment and tourism (0.41%), equipment and household utensils (0.4%) and pharmaceuticals and medical services (0.06%).
According to Hanoi GSO, the CPI decline is attributable to the recent reduction in petroleum prices, pushing transportation prices down sharply although citizens’ travel demand rocketed now that the Lunar New Year (Tet) is approaching.
According to Hanoi GSO, the CPI decline is attributable to the recent reduction in petroleum prices, pushing transportation prices down sharply although citizens’ travel demand rocketed now that the Lunar New Year (Tet) is approaching.
