CPI posts record low in 11 years

15:55 | 24/10/2014

VGP – The nation’s Consumer Price Index (CPI) increased 2.36% over the past ten months of the year, the lowest figure ever recorded over the past 11 years.

Illustration photo

According to the General Statistics Office, the CPI in October rose 0.11% compared to September. The education service saw the highest increase among calculated items with 1.31%, followed by medicine and health service with 0.53%.

Other commodities witnessed slight rises such as food and restaurants up 0.05%, foodstuff up 0.15%.

Two out of the 11 commodities calculated faced decreases in prices such as construction materials down 0.08%, transportation down 1.02%.

Gold price continued to fall, by 2.82%, while the price of US dollar saw a light rise of 1.18% from a month earlier. 

The CPI in the two largest cities including Ha Noi and Ho Chi Minh City rose 0.04% and 0.03%, respectively.

By Thuy Dung