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May’s CPI hit 0.18 pct, picking up
Vietnam’s consumer price index (CPI) in May rose 0.18 percent against April, starting to pick up after falling from 1.37 percent in February to 0.16 percent and 0.05 percent in the next two months, according to the General Statistics Office of Vietnam (GSO).
With the new rise, the CPI rate has increased 8.34 percent year on year and 2.78 percent over December, 2011, said GSO. The year-on-year CPI increase rate in the first 5 months of this year was 13.3 percent.
Among 11 groups of commodities and services used for the index calculation, 4 fell in prices, while 7 others saw price hikes, ranging from 0.07 percent to 1.32 percent.
In May, the price of food and food services continued to go down compared to April, with a 0.14 percent reduction.
Of these, food and foodstuffs decreased 0.54 percent and 0.26 respectively, while eating out cost 0.66 percent more.
The prices of housing and construction materials in May decreased by 0.07 percent over April. But the group surged 15.15 percent year on year in January-May 2012.
With pressure increasing, gasoline prices increase went up last month, and the transport group's index rose the most by 1.32 percent.
Notably, the group of other goods and services increased sharply, 3.09 percent, against April. However, the group posted an 11.52 percent rise, lower than the general CPI growth rate, in the first 5 months of this year.
Excluded ing from the price index, gold price index dropped 2.17 percent over the previous month and 5.6 percent against December 2011, while the US dollar price index rose 0.06 percent over April, but slipping slipped 1 percent against December 2011.
Ho Chi Minh City’s CPI in May 2012 inched up by 0.06 percent from the previous month, marking the lowest month-on-month CPI rise in the past 21 months, according to the HCMC Statistics office.
In comparison with December 2011 and May 2011, the city’s CPI rose by 2.49 percent and 7.2 percent, respectively.
As many as 9 out of 11 groups of goods and services comprising the index saw price hikes over the previous month, while the remaining groups, housing-electricity- fuel and beverage drink-tobacco, posted 1.64 percent and 0.06 percent decline respectively.
Six groups posted a higher rise against the average rise level, namely other goods and services (1.72 percent), transport (1.22 percent), culture-entertainment-tourism (0.18 percent), apparel-headwear-footwear (0.3 percent) and food-food services (0.1 percent).
Earlier, the Hanoi Statistics Office also announced that the capital city’s CPI in May 2012 edged up 0.16 percent after dropping 0.03 percent last month, bringing the city’s CPI for May to a rise of 7.8 percent year on year and 2.75 percent over December 2011.
The capital city’s CPI rise in May was thanks to a sharp increase of gasoline price on April 20, the increase of minimum wages for state workers and the 4-day national holiday starting April 28.
In the month, as many as 9 out of 11 baskets of commodities comprising the index saw price hikes over the previous month, ranging from 0.06 percent to 1.32 percent.
Regarding the down side, two groups of commodities saw falls in prices including restaurant and catering services (0.24 percent), and housing, electricity, water, fuel and construction materials (1.03 percent).
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