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Vietnam Today

Monthly CPI increases 0.17% in Hanoi

Released at: 22:43, 22/08/2015

Monthly CPI increases 0.17% in Hanoi

Rate the lowest for a number of months.

by Quynh Nguyen

The Hanoi Statistics Office has announced that the city’s CPI rose 0.17 per cent in August compared with July, which is lower than in previous months.  

Eight of the eleven goods in the CPI basket increased, with educational items recording the highest rise, of 2.9 per cent, due to greater demand for stationery and textbooks for the new school year.  

Food followed, rising 0.64 per cent against July. The price of eggs rose strongly because of demand for raw materials for baking moon cakes for the upcoming Mid-Autumn Festival. Other food items also increased but not to the same degree.

Meanwhile, home appliances and housing, electricity, water, fuel, and building materials fell 0.49 per cent due to gas and oil price falls in the month. Transport was also down 2 per cent after gasoline prices were cut twice, on July 20 and August 8.

Petrol prices were also cut on August 19 but this will be reflected in the September CPI figure.

The gold price in Hanoi fell sharply in August, at 3 per cent against July, while the US dollar increased 0.15 per cent.

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