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Major cities have CPI reduction

Update: June, 21/2012 - 09:45

HA NOI — The capital's Consumer Price Index (CPI) fell by 0.17 per cent against the previous month but increased by 6.32 per cent year-on-year, the local Statistics Department reported yesterday.

Out of 11 commodity groups, housing, electricity, water, and building materials all fell by 1.86 per cent, followed by transport at 1.73 per cent, and food and restaurant services at 0.05 per cent.

The remaining groups, including soft drinks and tobacco, garments and footwear, home appliances, drugs, heathcare and other services, culture and entertainment, and education service increased. Garments and footwear took the lead with an increase of 1.35 per cent over the previous month and the other rose less than 1 per cent.

The gold price index in June decreased by 2.69 per cent from May, while the US dollar price index rose by 0.25 per cent, the department said.

Experts attributed the significant decline in food and restaurant services this month to the abundant food supply in the southern provinces. Several consumer goods such as clothing and summer footwear saw slight increases, while gas and petrol prices continued to suffer from reduced world figures.

Economists revealed that the CPI made a consecutive increase in the first three months but it started declining in April, thus bringing the price of all commodities down compared to previous months. Currently, the monthly average growth during the fist half this year is 0.42 per cent.

HCM City CPI down

HCM City's June Consumer Price Index fell by 0.43 per cent against the previous month but increased by 6.01 per cent year-on-year, the Statistics Department reported.

It was the first reduction in 21 months, the department said.

Cultural and entertainment services, housing, electricity, water, fuel, garment, hat and other goods and services reduced in prices between 0.07 per cent and 2.62 per cent.

Prices of other commodity groups had a slight increase, including the highest increase of 1.18 per cent for catering services.

In comparison with June last year, prices jumped 7.94 per cent for catering services, 8.41 per cent for education services, 7.8 per cent for housing appliances and 8.67 per cent for other goods and services. — VNS

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