At Mega Market, Hoang Mai district, Hanoi (Source: VNA)Hanoi (VNA) - Vietnam’s consumer price index (CPI) in January hit arecord high, up 1.23 percent over the previous month and 6.43 percent year onyear, according to the General Statistics Office (GSO).
This is the highestJanuary CPI growth recorded in the last seven years.
Compared to the previous month, an upturn was seen in theprices of ten out of 11 main groups of goods and services, leading by food andcatering services (2.29 percent). It was followed by housing and constructionmaterials (1.47 percent); goods and other services (0.92 percent); transport (0.69percent); drinking and tobacco (0.65 percent); garment and textile, headwearand footwear (0.33 percent); household equipment and products (0.27 percent);and culture, entertainment and travel (0.25 percent).
The only group experiencing price fall was post and telecommunications (0.03percent).
Do Thi Ngoc, head of the GSO’s Price Statistics Department, explained thatthe CPI in January saw a strong rise due to the higherdemand for food and foodstuff, drinks and textiles for the Lunar New Year (Tet)festival.
The petrol and oil prices in January averagely increased by 1.29 percentcompared to December 2019. Meanwhile, the price of gas in the month climbed 14.08percent against the previous month.
At the same time, domestic goldprice was up 4.37 percent over the previous month; while that of US dollar hasbeen kept stable, at around 23,222VND/USD.
GSOsaid the core inflation in January, which isCPI excluding grain food, fresh foodstuff, energy and the State-managed medicaland educational services, increased by 0.76 percent from December 2019, and 3.25percent compared to the same period last year.
The general inflation in January grew at a faster pace than the core inflation,reflecting that price changes were mainly driven by higher prices of food,services, and petrol./.
VNA
