Consumer Prices in HCM City Climb 0.1% m/m in November

Tuan Minh

10:13 24/11/2015

BizLIVE - The consumer price index or CPI, a gauge of inflation, in Ho Chi Minh City is estimated to have edged up 0.1% in November from October.

Consumer Prices in HCM City Climb 0.1% m/m in November

Consumer prices in HCM City, Vietnam's southern metropolis, was up 0.1% m-om in November.

Out of the 11 commodity and goods groups used to calculate the CPI, three groups have witnessed their prices down versus seven up slightly, the municipal Statistics Office said in a report.
The price of the restaurant and food services group, which has the largest portion in the basket for CPI calculation, is likely to increase 0.03% month-on-month, while that of the food group has continued to slide 0.29%.
Prices of transportation, postal and communication, and miscellaneous goods groups are likely to have dropped 0.36%, 0.14% and 0.12%, respectively.
Experts attributed the low inflation to consecutive cuts in petroleum prices during one month starting October 15.
In the January-November period, the city’s CPI has increased just 0.27% from the same period of 2014. This is a record low and far from the target set by the local authorities.


Từ khóa: cpi, hcmc