Tuesday, December 19 2017

VietNamNews

CPI drops for first time in 2 years

Update: April, 21/2012 - 09:02

HA NOI — Sharp declines in food prices dragged the consumer price index (CPI) for Ha Noi in April down for the first time in 24 months, the Ha Noi Statistics Office has said.

The index this month eased 0.03 per cent from last month's figure, although it increased 9.52 per cent over the same period last year.

Prices of cereal products decreased 1.98 per cent over March, with rice prices falling sharply thanks to abundant supplies, as provinces in the Cuu Long (Mekong) Delta region had reaped a bumper autumn-winter crop.

While prices of beef, fish and seafood remained stable, declines in pork prices caused food prices to fall significantly 0.79 per cent over last month.

In April, eight groups of commodities saw marginal increases, while three groups declined: restaurants and catering services dropped 0.65 per cent; post and telecommunications fell by 0.04 per cent; and housing, electricity, water, fuel and building materials were down 0.64 per cent.

The decline in cooking gas, down about VND6,000 (28 US cents) from the beginning of this month, were largely responsible for price cuts in the third area.— VNS

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