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Wednesday, October 4, 2023

HCMC’s CPI marginally rises in July

By T. Huy

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HCMC – HCMC’s consumer price index (CPI) in July increased by 0.15% against June, according to data released yesterday, July 27, by the city’s Statistics Office. Thus, the city’s CPI in January-July rose 3.5% year-on-year.

Among the 11 groups of consumer goods and services used to calculate the CPI, seven groups experienced price increases in July.

The group of other goods and services recorded the highest rise, up 1.01%, followed by food and catering services with a 0.32% increase.

Fresh seafood prices edged up 0.99% due to weather conditions affecting fishermen’s catch, while vegetables saw a sharp rise of 1.39% due to reduced supply caused by heavy rainfall.

The beverage-tobacco group saw a slight uptick of 0.17%, and stronger consumer demand drove a 0.31% increase in footwear, hats, and textiles prices.

Transportation expenses also contributed to the upward movement of the CPI. The transportation category saw a rise of 0.3%, primarily driven by higher costs in transportation services (9.11%), spare parts for vehicles (0.06%), and diesel prices (3.91%).

On the other hand, the housing, electricity, water, gas, and construction group fell 0.18%. This decline was primarily due to a 5.23% reduction in gas prices, which decreased between VND18,000 to VND30,000 per 12-kilo container. Running water use charges also decreased by 0.42% due to high rainfall and weaker demand.

In contrast, home maintenance materials dropped by 0.28% while rental prices for accommodations rose by 0.02%.

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