Vietnam Inflation Dwindles to Zero in January on Petrol Price Cuts

Tuan Minh

14:19 25/01/2016

BizLIVE - Living costs in Vietnam have stayed unchanged in January thanks to deep cuts to gasoline prices.

Vietnam Inflation Dwindles to Zero in January on Petrol Price Cuts

Vietnam's consumer prices have stayed unchanged this month.

Vietnam’s consumer price index (CPI), a gauge of inflation, in January 2016 has been flat in comparison with a month earlier as gasoline prices were slashed twice during the month with a combined 1,000 dong ($0.04) a liter, according to the General Statistics Office (GSO).
Nine out of the 11 goods and service categories saw their prices up in the month, with prices of the education services increased the most, by 0.89% month-on-month.
The increases in their prices were countervailed by a 2.82% rise in the price of transport service and a 0.06% slide in post and telecommunications, data of the office showed.
The country’s CPI in January advanced 0.8% from a year earlier.
Its core inflation, where food, foodstuffs, energy and state-administrated services are excluded from the basket for the CPI calculation, in January was 0.27% in comparison with December 2015 and 1.72% compared to January 2015.
Consumer prices in Ho Chi Minh City edged down 0.03% month-on-month in January 2015 while those in Hanoi gained 0.12, according to GSO.