Rising food costs bump up CPI in major cities
Rising food costs bump up CPI in major cities
Consumer price indices (CPI) in the country's two largest cities continued to increase in October due to surging food prices after floods and heavy rain.
Ha Noi saw an increase of 0.57 per cent over the previous month, while the index for HCM City rose 0.17 per cent.
This month's CPIs for Ha Noi and HCM City saw year-on-year surges of 6.25 per cent and 4.89 per cent respectively.
Ten out of 11 commodity groups saw a growth in price compared to the previous month with food and restaurant services posting the strongest rise of 1.01 per cent.
Housing, electricity, water and building materials saw an increase of 0.7 per cent. Food prices rose 2.96 per cent.
The price of clean water started to go up from the beginning of this month, contributing to the increasing CPI.
Prices of garments and textiles also slightly increased as the north anticipated the coming of winter.
Telecommunications and education sectors retained their rise over the previous month.
Transport was the only group to post a decrease, which was 0.24 per cent.
In HCM City, increased prices were reported for seven out of 11 goods and services.
Food and restaurant services took the lead with an increase of 0.41 per cent, followed by garments and shoes (up 0.29 per cent), education (0.22 per cent) and housing, water and building materials (0.19 per cent). Prices of transport, telecommunications, entertainment, tourism and other services declined.
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