CPI drops to five-year low in October

VGP – October's consumer price index witnessed a month-on-month increase of 0.09% - the lowest growth rate in the 2016-2020 period, the General Statistics Office (GSO) reported Thursday.

October 29, 2020 6:15 PM GMT+7

The index rose by 2.47% in comparison with the same period last year.

Prices slightly picked up in six out of 11 commodity categories used to calculate the CPI, with 1.35% in education, 0.08% in beverage and tobacco, 0.06% in garments-textiles, hats and footwear, 0.01% in pharmacy and health services.

The biggest price decrease was in culture, entertainment, and tourism (down 0.18%), followed by restaurants and services (down 0.13%), transportation (down 0.08%), and telecommunication (down 0.03%).

Prices of household utensils remained unchanged.

Gold price dropped by 1.1% against the previous month but rose by 30.91% against December and saw a year-on-year increase of 29.63%.

Meanwhile, USD price grew by 0.7% against September and 1.88% against the same period last year./.

By Kim Loan