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Vietnam Today

Jan-Jul CPI lowest in 13 years

Released at: 09:07, 25/07/2015

Jan-Jul CPI lowest in 13 years

Increase slows in July after rising sharply in June.

by Minh Tuyet

The CPI increased 0.13 in July compared to June and 0.9 per cent year-on-year, the General Statistics Office (GSO) has announced. From January to July it increased 0.68 per cent - the lowest rate since 2002.

Petrol price increases were blamed for the sharp CPI increase in June but had less influence in July, with transport rising just 0.16 per cent.

Healthcare increased slightly, by 0.15 per cent, after healthcare service costs were increased last month.

In the restaurant and catering services category, after falling for three consecutive months it rose 0.1 per cent in June. Cereals and vegetables fell 0.28 per cent and meat and restaurant services increased 0.24 per cent and 0.1 per cent, respectively.

Thanks to ample supply the price of cereals and vegetables has been declining since May. In contrast, over the last four months the price of meat has continued upwards, but is expected to fall in the immediate future as the period when large numbers of livestock and poultry are sold is approaching.

Due to the hot weather, in the textiles and garments category the price of hats and caps rose 0.25 per cent, higher than in June.

Posts and telecommunications continued to fall, by 0.02 per cent compared to last month.

The gold price fell 1.24 per cent in July against June, whereas the US dollar increased 0.09 per cent.

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