Business
Vietnam’s CPI rise in July slowest in the past ten years
According to the General Statistics Office, Vietnam’s consumer price index (CPI) in July increased by 0.13% from last month and 0.9% from the same period last year. The monthly CPI growth in July was the lowest in the past ten years, gaining only 0.68% from the end of 2014.
The July CPI gain was fuelled mostly by high school entrance and graduation examinations along with the hot weather, the expenses of daily electricity use up by 1.32% and water by 0.22%.
Nine of the 11 key goods and service categories had their prices spike in July. The biggest pace at 0.25% was seen in the prices of apparel, hats and footwear.
The slowest rise - 0.1% - was in food and restaurant services, housing and building material category was 0.22%, beverage and tobacco at 0.18%, household equipment and utensils at 0.14% and transport at 0.16%.
Education prices remained nearly unchanged while those of the postal and telecommunications services declined 0.02%.
July’s core inflation – the CPI excluding fresh food, energy and State-controlled commodities like medical and educational services – hiked up 0.13% from last month and 2.04% from last year.
Nine of the 11 key goods and service categories had their prices spike in July. The biggest pace at 0.25% was seen in the prices of apparel, hats and footwear.
Photo for illustration
|
Education prices remained nearly unchanged while those of the postal and telecommunications services declined 0.02%.
July’s core inflation – the CPI excluding fresh food, energy and State-controlled commodities like medical and educational services – hiked up 0.13% from last month and 2.04% from last year.
