HCM City's CPI has declined 0.11% in December from November.
The consumer price index (CPI) in Ho Chi Minh City, Vietnam’s largest economic engine, is estimated to have slid 0.11% month-on-month in December, the government’s website cited the city’s statistics as saying.
The decline the index in December has been driven by decreases in prices of five of the 11 goods categories. Among them, the price of the transport category has dropped the most, by 1.83% month-on-month, due to two cuts in fuel prices on November 18 and December 3.
Notably, the restaurant and food services group, which makes up the largest portion in the basket for CPI calculation, has seen its price down 0.17% in December.
The price of gold has gone down 1.53% during the month while that of the U.S. dollar has edged up 1.11%.
Living costs in Hanoi have slipped 0.03% in December from November, but are up 0.89% in 2015, official data showed.