September’s CPI surges 2.2 percent over August
September’s CPI surges 2.2 percent over August
Vietnam’s consumer price index (CPI) jumped 2.2 percent in September against August, a 3-month high, after inching up 0.63 percent against July last month.
With the new rise, the index surged 6.48 percent year on year and 5.13 percent against December 2011, according to the General Statistics Office of Vietnam (GSO).
On average, in the first nine months of 2012, the CPI increased by 9.96 percent over the same period.
All 11 groups of goods and services used for the CPI calculation were on an upwards trend in September.
Food and catering services, weighing 39.93 percent in the CPI’s price basket, increased marginally by 0.08 percent from the previous month.
The group posted an average increase of 10.42 percent in January-September.
Two groups, on the other hand, that witnessed a sharp rise from the previous month were housing-construction materials and drugs- medical services, picking up 2.03 percent and 17.02 percent, respectively.
After getting the green light to hike prices in July this year, the latter has increased two months in a row with an average rise of 8.61 percent in the first nine months of 2012.
The telecommunications group saw another slight increase of 0.01 percent from the previous month, bringing its average monthly rise to a minus 1.34 percent so far this year.
Not included in the basket of goods price index, the gold price index in September rose 5.25 percent and the U.S. Dollar Index rose 0.06 percent from the previous month.
Previously, the CPI in Hanoi and Ho Chi Minh City, the two biggest cities in Vietnam, were reported to take a U-turn, with a 2.47 percent and 1.21 percent rise in September, respectively.
The latest CPI figure of the capital city, the steepest rise since April last year, represented a 5.4 percent increase in 2012 and a 6.49 percent year-on-year rise.
HCMC’s September CPI, edged up 1 percent for the first time over the past six months, raising the monthly figure by 3.38 percent in 2012 and 4.63 percent year on year, according to the General Statistical Office of HCMC.
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