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National CPI hits eight-month high in August

Update: August, 30/2017 - 09:53
Việt Nam’s consumer price index (CPI) increased by 0.92 per cent in August, the highest month-on-month increase in the first eight months of this year, the General Statistics Office (GSO) announced yesterday. — Photo phapluatplus.vn

HÀ NỘI – Việt Nam’s consumer price index (CPI) increased by 0.92 per cent in August, the highest month-on-month increase in the first eight months of this year, the General Statistics Office (GSO) announced yesterday.

August’s CPI increase was driven by price rises in foodstuff (1.64 per cent), housing and construction materials (1.27 per cent), transportation (2.13 per cent) and health-care services (3.72 per cent), said Đỗ Thị Ngọc, director general of the GSO’s Price Statistics Department.

Other goods and services that recorded slight price increases included restaurant and catering services, education, equipment and home appliances.

The CPI experienced a year-on-year rise of 3.84 per cent in the eight months. The rate, however, was still lower than respective figures seen in the same period of 2010, 2011 and 2012 at 8.61 per cent, 17.64 per cent and 10.41 per cent, respectively, Ngọc said.

She said core inflation rose 0.1 per cent in August month-on-month and 1.31 per cent year-on-year. Eight-month core inflation increased 1.47 per cent from a year earlier, lower than the planned inflation of 1.6-1.8 per cent.

In August, gold prices surged 1.11 per cent from last month but down 2.35 per cent compared to last year’s corresponding period while price of US dollars saw a slight month-on-month decrease of 0.03 per cent. — VNS

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