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Hanoi’s CPI rises 0.26 percent in October

Hanoi ’s consumer price index (CPI) rose by 0.26 percent in October as compared to September and 4.47 percent over the same period last year.
Hanoi ’s consumer price index (CPI)rose by 0.26 percent in October as compared to September and 4.47percent over the same period last year.

According to the Hanoi Statistics Office, eight out of ten groups ofconsumer goods saw small rises, ranging from 0.04 percent to 0.66percent over the last month.

The eight groups include restaurants and food services; beverages andtobacco; textile products, footwear and clothes; household equipmentand appliances; cultural, entertainment and tourism services; housing,electricity, fuel and construction materials; medicine and healthservices; transport, postal and telecommunications services.

Meanwhile, the prices of foodstuffs decreased slightly by 0.82 percentand education services remained unchanged compared to the previousmonth.

Experts have said that the prices of consumption goods were stable inOctober. The average one-month increase in the CPI in the first tenmonths of this year is estimated at 0.47 percent, an 10-month increaseis about 8.94 percent over the same period last year.

This month, gold’s price rose by 4.94 percent and the price of the US dollar dropped by 0.45 percent.

Hanoi’s economy is showing sign of recovery thanks to effectiveGovernment and municipal policies and consumption stimulus measures.

In October, industrial production in the locality continued to achieveremarkable growth, with industrial production value increasing by 11.2percent compared to the last month and 10.2 percent over the sameperiod last year.

The state-owned sector saw a month-to-month increase of 1.5 percent anda year-to-year increase of 6.2 percent; the figures for the non-statesector were 4 percent and 13.4 percent and for the foreign investedsector, 19.7 percent and 10.1 percent, respectively.

It is estimated that the city’s ten-month industrial production valuewill increase by 8.1 percent compared to the same period last year,with the state sector up by 5.9 percent, the non-state sector by 11.2percent and the foreign invested sector, 7.1 percent.

This month, the capital’s total earnings from products sales and socialconsumption services rose by 1.2 percent over last month, ayear-on-year increase of 6.7 percent.

Many wholesale enterprises have weathered the poor economic climate and managed to obtain considerable profits.

The city’s export turnover in October increased by 2.7 percent compared to the previous month./.

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