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2014 CPI at lowest level in ten years

Released at: 11:58, 26/12/2014

2014 CPI at lowest level in ten years

CPI falls in December against November.

The General Statistics Office (GSO) has announced that CPI for December fell 0.24 per cent compared with November. The increase in the CPI for the year as a whole has been quite low and is a reflection on the government's policies. "It's a good sign that inflation is low at this time," said Ms Do Thi Ngoc, Deputy Director of the GSO.

She also rejected the notion that the CPI is low due the economic problems. "Total retail and social services in 2014 were higher than last year," she explained. Consumers were unruffled and didn't want to store up food before Tet, she added.

Among eleven types of goods, only two had prices lower this month than last month. Transport saw the biggest fall, at 3.09 per cent, while building materials fell 0.99 per cent.

Conversely, textile and garments increased the most, by 0.51 per cent.

Minh Tuyet

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