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Hanoi’s CPI up 1.93 percent in November
The November Consumer Price Index (CPI) in Hanoi surged 1.93 percent month on month, the highest increase over the last nine months.
According to the Hanoi Statistics Office, the index was up 11.41 percent over the same period of last year with rises seen in 10 out of 11 groups of commodities.
During the month, except for group of educational services, the other 10 groups of commodities all saw a rise in prices from a month earlier.
The prices of transport, garment, headwear and footwear, beverages and tobaccos, household utensils and appliances slightly increased by less than one percent. Meanwhile, charges of restaurant and catering service group and housing, water and electricity, fuel, and construction materials group sharply rose by 3.98 percent and 2.28 percent, respectively.
Most worth of note, in the restaurant and catering services group, foodstuff posted the strongest price rise of 6.26 percent.
Economic experts attributed the price hike to increasing demand for goods and services during the last months of the year and the bad impacts of flood disaster in the central region.
Due to fluctuations in the global market, gold prices made a surge of 8.7 percent from October and 38.06 percent year-on-year while the US dollar value climbed by 4.35 percent against October and 0.51 percent against the same period of last year.
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