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Hanoi’s CPI rises 0.26 percent in October
Hanoi’s consumer price index (CPI) rose by 0.26 percent in October as compared to September and 4.47 percent over the same period last year.
According to the Hanoi Statistics Office, eight out of ten groups of consumer goods saw small rises, ranging from 0.04 percent to 0.66 percent over the last month.
The eight groups include restaurants and food services; beverages and tobacco; textile products, footwear and clothes; household equipment and appliances; cultural, entertainment and tourism services; housing, electricity, fuel and construction materials; medicine and health services; transport, postal and telecommunications services.
Meanwhile, the prices of foodstuffs decreased slightly by 0.82 percent and education services remained unchanged compared to the previous month.
Experts have said that the prices of consumption goods were stable in October. The average one-month increase in the CPI in the first ten months of this year is estimated at 0.47 percent, an 10-month increase is about 8.94 percent over the same period last year.
This month, gold’s price rose by 4.94 percent and the price of the US dollar dropped by 0.45 percent.
Hanoi’s economy is showing sign of recovery thanks to effective Government and municipal policies and consumption stimulus measures.
In October, industrial production in the locality continued to achieve remarkable growth, with industrial production value increasing by 11.2 percent compared to the last month and 10.2 percent over the same period last year.
The state-owned sector saw a month-to-month increase of 1.5 percent and a year-to-year increase of 6.2 percent; the figures for the non-state sector were 4 percent and 13.4 percent and for the foreign invested sector, 19.7 percent and 10.1 percent, respectively.
It is estimated that the city’s ten-month industrial production value will increase by 8.1 percent compared to the same period last year, with the state sector up by 5.9 percent, the non-state sector by 11.2 percent and the foreign invested sector, 7.1 percent.
This month, the capital’s total earnings from products sales and social consumption services rose by 1.2 percent over last month, a year-on-year increase of 6.7 percent.
Many wholesale enterprises have weathered the poor economic climate and managed to obtain considerable profits.
The city’s export turnover in October increased by 2.7 percent compared to the previous month.
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