Hanoi Consumer Prices Rise 0.12% m/m in October

Tuan Minh

11:21 22/10/2015

BizLIVE - Hanoi’s consumer price index is estimated to have climbed 0.12% month-on-month in October after sliding 0.1% in September.

Hanoi Consumer Prices Rise 0.12% m/m in October

A flower shop in Hanoi Old Quarter. (Photo: Internet)

The hike in consumer prices in the city this month has been driven by a 0.3% rise of the apparel, hat and footwear group, and a 0.18% increase of the transportation group due to two upward adjustments to petroleum prices, the municipal statistics office said in a report on Wednesday.
The office added that the city’s index of industrial production, which measures the manufacturing activity, is likely to have risen 7.8% year-on-year in the ten months through October.
The city posted an estimated trade deficit of $11.84 billion in the first ten months of this year as its imports advanced 5.3% year-on-year to $21.04 billion while exports rose 1.5% year-on-year to $9.2 billion.
Retail sales and services revenues of the capital city are estimated to have gone up 11.2% year-on-year to 1,568 trillion dong ($69.7 billion) in the ten-month period. The amount includes 372.32 trillion dong worth of retail sales, up 11% year-on-year, the office added.
Total outstanding loans in the city in October are likely to have grown 1.4% from September and 15% from December 2014 to 1,162 trillion dong. Mobilization by banks in the city, meanwhile, expanded 2% month-on-month and 17.5% from the end of 2014 to 1,399 trillion dong.
Vietnam's CPI data is due in two days' time.