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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
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28.9 C
Ho Chi Minh City
Sunday, March 30, 2025

HCMC’s January CPI rises 2.76% y-o-y

By Dat Thanh

Must read

HCMC – HCMC’s consumer price index (CPI) edged up 2.76% year-on-year in January 2024, according to the city’s Statistics Office.

This figure was lower than the national average of 3.37%. The country’s inflation target is at below 4% for this year.

Among the 11 groups of consumer goods and services used to calculate the CPI, the prices of 10 groups increased last month.

The most significant price increase was observed in the pharmaceuticals and healthcare services group, which surged by 7.74%. Following closely was the education group, with a 7.5% rise.

Accommodation and construction materials also contributed to the uptick, with prices increasing by 4.45%. The group of other goods and services inched up by 3.72%, while transportation costs drove up the CPI given its 3.1% rise.

Food-dining and culture-entertainment-tourism services saw relatively modest increases of 1.45% and 2.3%, respectively.

The beverage-tobacco group recorded a slight uptick of 1.34%, while the growing consumer demand led to a 0.95% increase in prices of footwear, hats and textiles. Household equipment and appliances picked up a fractional 0.23%.

In contrast, the postal and telecom services category declined by 3.5%.

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