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CPI returns to increase in October

Released at: 19:28, 24/10/2015

CPI returns to increase in October

Monthly figure up after two months of being in negative territory.

by Thu Hoang

Figures from the General Statistics Office (GSO) show that the consumer price index (CPI) in October rose 0.11 per cent against September after falling in both September and August. The increase since last December therefore stands at 0.51 per cent.

CPI in first ten months, 2006 - 2015 (%)

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

5.4

8.12

21.64

4.49

7.58

17.05

6.02

5.14

2.36

0.51

Source: GSO

The increase was primarily due to higher prices in the food group, of 0.34 per cent, as demand picked up with the beginning of the wedding season and vegetables prices rose sharply due to low output because of inclement weather in early October, according to a representative from the GSO’s Price Statistics Department (PSD).

“October sees fall move into winter in the northern area so demand for certain clothing items and footwear usually rise,” she added.

Among the eleven groups of major goods and services in the CPI basket there were seven increasing only slightly. Apparel, headwear and footwear rose 0.2 per cent while medicines and medical services rose 0.01 per cent.

Petrol prices increased VND800 ($0.03) per liter and diesel oil by VND410 ($0.019) per liter after adjustments made on September 18 and October 3, which pushed up the fuel price index by 0.19 per cent compared with September.

Conversely, housing and building materials fell 0.11 per cent compared to September, while telecommunications fell 0.03 per cent and culture, recreation and tourism by 0.06 per cent.

  • TAGS
  • CPI
  • October
  • 2015
  • rise

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