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Sunday, May 22, 2022

HCMC’s CPI inches up 0.25% in Jan

The Saigon Times

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HCMC – The Consumer Price Index (CPI) of HCMC in January increased a slight 0.25% month-on-month and 1.42% against the same period last year, according to the city’s Statistics Office.

Among the 11 groups of consumer goods and services in the basket of items used to calculate the CPI, three groups marked a decline in prices compared to December in 2021. These three included food and catering services with a 0.15% fall, household equipment and appliances with a 0.13% slip, postal and telecoms services with a 0.07% slide.

The remaining eight groups registered a rise in prices. The transport group recorded the highest increase at 1.27% as a result of higher prices of fuel products and public transport services by 2.41% and 3.49%, respectively.

The price of the apparel-footwear-hat group edged up 0.2% as the demand of local people to shop for the Lunar New Year holiday, or Tet, increased.

According to the municipal Statistics Office, HCMC in January continued to ramp up efforts to manage, examine and improve the effectiveness of the city’s price stabilization, thus ensuring the sufficient supply of goods for local people ahead of Tet.

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