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Lowest CPI increase seen in July

VGP – The Consumer Price Index went up 1.13% in July against June. This is the lowest increase since the beginning of the year.

July 25, 2008 7:13 AM GMT+7

Lowest CPI increase seen in July

Ms. Trần Thị Hằng, Chief of the Section of Trade, Services and Price (General Office of Statistics) attributed the slowing-down CPI increase to the decreasing price of food (0.37%).

The price of foodstuff also rose up slightly, reaching 1.33% in July compared with 3.05% in June.

In July 2008, only the group of medicines and healthcare increased 2%, five groups up 1.02%-1.67% (education; garment and footwear; domestic utensils; other instruments and services; house and building materials); four groups below 1% (food and catering service; beverage and tobacco; means of transport and post; culture, sports and amusement).

By Xuân Hoàng