Biggest cities see CPI decline

09:11 | 23/11/2014

VGP – In November, the Consumer Price Index (CPI) declined slightly by 0.3% and 0.36% in Ha Noi and Ho Chi Minh City, respectively.

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In Ha Noi, lower petroleum prices were attributed to the declining CPI.

Among the 11 groups of products and services in the CPI basket, a decline was recorded in three groups: restaurants and soft drinks (down 0.11%), housing and building materials, electricity, water and fuel (down 0.84%) and transport services (down 2.93%)

One group remained unchanged and the seven remaining groups rose from 0.02% to 0.42%.

Meanwhile, in HCMC, a fall was recorded in three groups and services in the CPI basket with transport services down by 2.98% due to continuous declines in petroleum price; housing, electricity, water and building materials down by 1.12%; and other goods and services, down by 0.08%. 

The group of restaurants and catering services saw a slight decrease thanks to big sale promotions launched by many shopping malls in the city. 

The group of educational, post and telecommunication goods and services remained stable while other commodities saw a slight increase in their prices such as garment, headwear, footwear, home appliances and beverages and tobacco./.

By Kim Anh