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Vietnam Today

CPI up 0.33% in April

Released at: 17:20, 26/04/2016

CPI up 0.33% in April

Year-to-date increase stands at 1.41%.

by Hung Nguyen

The Consumer Price Index (CPI) increased 0.33 per cent in April against March, 1.89 per cent against April 2015, and 1.33 per cent against December 2015, according to the General Statistics Office (GSO).

Vietnam’s CPI in the first four months of 2016 was therefore up 1.41 per cent year-on-year.

In the eleven goods and services in the CPI basket, eight saw month-on-month increases, including transport services, by 1.73 per cent, housing and construction materials 0.71 per cent, medicine and healthcare services 0.45 per cent, education services 0.37 per cent, and tobacco and beverages 0.17 per cent.

Food and postal services remained unchanged against March while entertainment and tourism fell slightly, by 0.01 per cent.

The GSO attributed the increase of 1.11 per cent to cereal prices to seasonal factors, with April being a time for collecting rice for fulfilling export contracts while drought in the central and central highlands region and saltwater intrusion in the Mekong Delta have also had an impact.

Transport costs increased in April due to higher petroleum prices, of VND1.190 ($0.05) per liter and diesel VND290 ($0.01) per liter, leading to month-on-month increases in the fuel price of 3.83 per cent and national CPI of 0.16 per cent.

Healthcare services cost in April increased 0.47 per cent as a result of new regulations from the Ministry of Finance.

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