CPI surges slightly in November

VGP – The consumer price index (CPI) saw a month-on-month growth of 0.13% and a year-on-year surge of 2.38% and picked up 2.38% from the last December, the General Statistics Office (GSO) reported.

November 30, 2017 1:02 PM GMT+7

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In the first 11 months, CPI grew 3.61% against the same period last year.

Eight out of the 11 commodity groups saw price hikes, with the highest growth of 0.68 % seen in transport. It was followed by medicines and health services (0.2%); apparel, headwear and footwear (0.15%); goods and other services (0.14%); food and catering services (0.11%).

Only prices of housing and construction materials, post and telecommunications, and culture, entertainment and tourism declined.

The GSO attributed the price hike to the recent flood in the central region, petrol price adjustments on November 4 and November 20.

On the other hand, falling prices of pork, iron and steel, and domestic tours curbed CPI hike.

Tthe GSO’s Prices Statistics Department forecast that in December, CPI would see a slight month-on-month rise mostly due to adjusted prices of food, health care services, construction materials and petrol./.

By Kim Anh