CPI reaches 7-month record high
VGP - Viet Nam’s consumer price index (CPI) for September saw a month-on-month increase of 0.4%, the highest level over the last seven months, according to the General Statistics Office (GSO).
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Source: the General Statistics Office - Photo: VGP |
The GSO attributed the surge to the rising tuition fees at universities and colleges in accordance with the PM’s approved roadmap.
September’s CPI posted a year-on-year surge of 3.62% and up 2.25% against December, 2013.
In the January-September period, CPI picked up 4.61%against the same period last year.
Specifically, nine out of the 11 groups of commodities calculated experienced rising costs including education (6.38%);restaurants and food (0.22%); garments and textiles (0.32%); medicines and medical services (0.23%).
Meanwhile, only two groups of commodities witnessed declining prices including transport and public services (1.85%) and housing and building materials (0.38%).
Gold prices and US dollar experienced a month-on-month decline of 1.66% and 0.15%, respectively.
The GSO assessed that the rising prices in the first nine months were relatively low since 2005 and met the goal preset by the National Assembly for 2014.
A stable CPI is said to enable the State Bank of Viet Nam to loosen the monetary policies, cut interest rates, boost consumption demands and spur domestic production and economic growth./.
By Huong Giang
