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Consumer price index picks up 0.4% in July
The Saigon Times
Thursday,  Jul 30, 2020,15:48 (GMT+7)

Consumer price index picks up 0.4% in July

The Saigon Times

Consumers are seen at the cashier counters of a supermarket in HCMC. Vietnam’s CPI in July has risen by 0.4% month-on-month – PHOTO: THANH HOA

HCMC - The consumer price index (CPI) in July increased by 0.4% against June and 3.39% against the same period last year as a result of the fuel price hike and high demand for electricity and water due to the hot weather, the General Statistics Office (GSO) reported on July 29.

The average CPI between January and July has picked up by 4.07% year-on-year. Core inflation (exclusive of foodstuff, fresh food, energy, healthcare and education service prices) from January to July has increased by 2.74% against the same period last year.

Nine of the 11 main commodity groups have seen an increase in prices, including transport up 3.91%; housing and building materials up 0.47%; culture, entertainment and tourism up 0.3%; household equipment and commodities up 0.07%; garments, hats and footwear up 0.06%; beverages and tobacco up 0.02%; medicine and health services up 0.02%; education up 0.02% and other services and commodities up 0.17%.

Meanwhile, the prices of food and catering services have declined by 0.18% and of post and telecommunications by 0.02%.

Director of GSO’s Statistics Department Do Thi Ngoc said that fuel prices have soared by 9.02% this month, resulting in a 0.37% rise in the CPI, while the prices of electricity and water have increased by 2% and 0.25% month-on-month, respectively.

Goods that helped curtail the CPI hike in July included rice, which has seen its prices decline by 0.33% month-on-month; pork, as retail pork prices were down 2.48% compared to June after Vietnam imported thousands of live pigs from Thailand early this month; and fresh seafood, which has seen a 0.45% month-on-month decline in prices after some countries suspended seafood imports from Vietnam due to the Covid-19 pandemic.

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