CPI plunges sharply in November
VGP – The consumer price index (CPI) in November saw a month-on-month decline of 0.29% and a year-on-year growth of 3.26%, the General Statistics Office (GSO) reported.
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Hence, after nine years, CPI in November experienced the sharpest decline of 0.29%, followed by a rate of 0.27% recorded in 2014.
Seven out of 11 groups of main goods and services saw price increases including garments, textiles, headwear , and footwear (up 0.26%); goods and services (0.15%); household utensils and equipment (up 0.08%); beverage and tobacco (up 0.07%); culture, entertainment, and tourism (up 0.05%); education (0.05%); medicines and health services (up 0.01%).
Four groups experienced lower costs including transport (down 1.81%); housing and building materials (down 0.64%); restaurants and food services (down 0.14%); post and telecom services (down 0.06%).
The GSO attributed the decreased CPI hike to lower petrol prices and stable pork supply.
On the other hand, higher food prices (up 0.27%), bigger demands for building materials and clothes due to colder weather at the year end were blamed for CPI increase./.
By Khanh Phuong
