Econ
Hanoi's CPI in February up 0.47%
On February 22, the Hanoi Statistics Department announced that Hanoi`s consumer price index (CPI) in February rose 0.47% than the previous month and increased 1.73% over the same period.
Consumers are selecting goods at Fivimart Supermarket
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Hanoi Statistics Office reported that the CPI for Hanoi in February rose by 0.47% against the previous month and 1.73% year-on-year. The CPI this month gained the highest increase since September 2014, the office said.
This month, the city saw the highest growth in prices at 2.45% from the goods group of restaurant and catering services. Prices of rice and vegetables rose steeply in the month due to the Tet festival and the high demand while the market saw a low supply of vegetable due to the cold weather.
They were followed by the group of cultural, entertainment and tourism services with rise in prices at 1.12% because of the high price of fresh flowers and big demand for tours during the long Tet holidays taking tour prices up by 8% to 10%, the office said.
It also said two groups which showed a reduction in prices compared with the previous month were the group of housing, electricity, tap water, and fuel, along with building material by 0.62%, while the group of transportation services was down by 3.59% due to lower fuel and gas prices. In February, the price of gold surged by 2.08% while the price of United States dollar dropped 0.65% as compared with January.
In February, food and catering services had the highest index with an increase of 2.45%, respectively, and 2.76%. The food commodities increased slightly over the previous month, due to increased needs of the people on holiday. Prices of food items rose 3.34% due to the food items served Tet as pork, beef, poultry and seafood increases. Prices of vegetables spike resulting from the cold weather caused the end of January.
Group has the second highest index rose as cultural groups, recreation and tourism (up by 1.12% and by 3.09%) due to prolonged Tet holiday travel demand rising families make tour prices increased from 8-10%.
At the top of the opposite, there are two groups with index fell from the previous month as housing, electricity, water, fuel and building materials (down 0.62%) and transportation (down 3.59%) due to lower gas prices, oil and gas prices.
Not included in the basket of goods in February, but also noted that the gold price index rose 2.08% over the previous month and by 93.04% over the same period last year. USD price index fell 0.65% over the previous month and increased 4.68% over the same period.
