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HCM City’s CPI falls 0.25 percent in November

The consumer price index (CPI) of Ho Chi Minh City in November fell 0.25 percent against the previous month but increased 2.98 percent year-on-year, announced the city’s Department of Statistics on November 29.
HCM City’s CPI falls 0.25 percent in November ảnh 1Illustrative photo (Photo: VNA)

Hanoi (VNA) – The consumerprice index (CPI) of Ho Chi Minh City in November fell 0.25 percent against theprevious month but increased 2.98 percent year-on-year, announced the city’sDepartment of Statistics on November 29.

Among the 11 groups of commodities, sevensaw price decreases month-on-month, with transport costs recording the highest declineof 2.09 percent due to two petrol price falls during the month.

It was followed by the group of housing,electricity, water, fuel, and building materials, down 0.26 percent; and postand telecom services (0.11 percent); home appliances (0.03 percent); medicineand health services (0.02 percent); beverage and tobacco (0.01 percent); andculture, entertainment and tourism (0.01 percent).

According to the department, there were also groups of commodities maintainingstable prices such as education and other goods and services, and restaurantand catering services.

In November, only the group ofgarment, headwear and footwear experienced a price increase of 0.03 percentcompared to the previous month.

The price of gold rose by 0.03 percent while the price of US dollar went downby 0.04 percent month-on-month.

Meanwhile, in Hanoi, the CPI saw a decrease of 0.26 percent in November againstthe previous month and 4.17 percent year-on-year.

The country’s November consumer priceindex was down 0.29 percent from October, driven by cheaper petrol prices,the General Statistics Office (GSO) reported on November 29.

This month’s CPI rose 3.46 percentyear-on-year and 3.24 percent from last December. The eleven-month figurepicked up 3.59 percent from the same time last year-VNA
VNA

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