Vietnam Living Cost Continues Upturn on Fuel Price Hikes

Tuan Minh

09:23 25/04/2016

BizLIVE - Vietnam’s consumer prices in April continued to go up for the third month in a row this year.

Vietnam Living Cost Continues Upturn on Fuel Price Hikes

Consumer prices in Vietnam increased 0.33% month-on-month in April.

Vietnam’s consumer price index (CPI), a gauge of inflation, increased 0.33% in April from a month earlier, marking the third consecutive rise so far this year, data of the General Statistics Office (GSO) showed.
The cost of living in the country advanced 1.41% in the first four months of this year in comparison with the same period of last year.
The month-on-month rise in April’s CPI was driven by hikes in prices of transport, centrally-administered education and healthcare services.  
Transport costs went up 1.73% month-on-month, the sharpest among eight goods categories that saw their prices up. Petroleum prices were raised on March 21 and April 5, causing transport costs to rebound after eight month of declines.
Notable, prices restaurant and catering services, which account for the biggest proportion of the basket for CPI calculation, were flat in the month. Among its components, food prices increased 1.11%, the sixth straight rise, while foodstuff prices slid 0.27%.
Among the select localities, consumer prices in Ho Chi Minh City increased the most, by 0.47% month-on-month while those in Da Nang City edged down 0.09%.