Prices go up 1.31 percent in HCM City

The consumer price index in the southern economic hub Ho Chi Minh City increased 1.31 percent against last month, according to Du Quang Nam, Head of the municipal Statistics Office.

The index has risen by an aggregated 1.35 percent in the first two months of this year, compared to 5.18 percent in the same period last year.

Of the commodities, food and restaurant services rose by 1.85 percent and housing and construction materials, 1.37 percent, over January.

Drugs and health service saw no change, while culture, sports, entertainment and tourism services were cheaper d by 1.2 percent.

Weak demands due to consumers tightening of spending as a result of the world economic crisis, coupled with the city’s efforts in price control, have kept the price hike down.

vietnamplus

>   Seafood exporters prepare for crisis (20/02/2009)

>   TOSY company exports 100,000 toys to Australia (20/02/2009)

>   Taxi fee reduction possible? (20/02/2009)

>   Raising electricity price to attract investors? (20/02/2009)

>   ‘Marketing sorcerer’ to present VMA 2008 prizes (20/02/2009)

>   Ministries speaking different languages about imported milk taxes (20/02/2009)

>   Vietnam looks into EU’s trade policies (20/02/2009)

>   Hanoi targets 3 billion USD in FDI for 2009 (20/02/2009)

>   Hanoi sees prices up 1 percent in February (20/02/2009)

>   Vietnam-US trade exceeds $15 billion (20/02/2009)