Consumer Prices in Hanoi Pick up 0.47% m/m during Tet Month

Tuan Minh

14:52 22/02/2016

BizLIVE - The cost of living in Hanoi in February has increased 0.47% from January.

Consumer Prices in Hanoi Pick up 0.47% m/m during Tet Month

Hanoi's CPI rose 0.47% in February from January.

The consumer price index (CPI) of Vietnam’s capital city of Hanoi has climbed an estimated 0.47% month-on-month and 1.73% year-on-year in February when the Lunar New Year holiday fell in, the municipal statistics office said.
During the month, prices of the restaurant and catering group posted an increase of 2.45% month-on-month, followed by the culture, recreation and tourism group with a 1.12% month-on-month rise in prices, pulled by high travel demand in the long Tet holiday, the official added.
Prices of foodstuffs climbed 3.34% in the month during the biggest festivity in the year due to a pickup in demand and a cold spell.
Meanwhile, the housing, electricity, water and fuel group saw its price down 0.62% month-on-month and the transportation group down 3.59%, both thanks to successive cuts in fuel prices.
The price of gold advanced 2.08% month-on-month while the price of the U.S. dollar slid 0.65% month-on-month. Gold and the greenback are not included in the basket for CPI calculation.
The General Statistics Office is due to release CPI data of Vietnam on Wednesday.


Từ khóa: CPI, Hanoi, USD