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Ha Noi CPI lowest since May, 2010
Ha Noi's consumer price index (CPI) increased by 0.13 per cent in October against last month, a 20.43 per cent increase over the same period last year, the Ha Noi Statistics Office announced on Oct 19.
The city's CPI in October, the lowest single monthly increase since May of last year, was attributable to adequate supplies of meat, oil price adjustments and drastic measures taken by local authorities to curb inflation, the office said.
This month, the food sector followed the previous month's declining tendency with prices of livestock and poultry seeing a significant drop of 2 per cent.
The cost of housing, electricity, water, fuel and construction materials also decreased, mainly because of the falling global gas price that has resulted in a VND9,000-10,000 (US$0.43-0.5) reduction for a 12kg canister in the domestic market.
Despite falling food prices, restaurant and catering services witnessed the greatest price increase at 1.35 per cent, due to rising costs such as shop rentals and staff wages.
The CPI market basket in Viet Nam currently contains 11 items: foods, restaurants services, beverages, textiles, medical services, transportation, post and communications, educational services, electricity and construction materials.
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