CPI inches up 0.16 percent in May

Vietnam’s consumer price index (CPI) in May was up 0.16 percent agaisnt April and 2.9 percent from last year, reported the General Statistics Office (GSO) on May 29.
CPI inches up 0.16 percent in May ảnh 1At a supermarket in Hanoi (Photo: VNA)

Hanoi (VNA) 
- Vietnam’s consumer price index (CPI) in Maywas up 0.16 percent agaisnt April and 2.9 percent from last year, reported theGeneral Statistics Office (GSO) on May 29.

Compared to April, increases were seen in the prices of eight out of 11 maingroups of goods and services, with transport taking the lead (0.76 percent) dueto increasing petrol prices. It was followed by housing and constructionmaterials (0.4 percent); electricity (2.54 percent); water (1.27 percent); foodand catering services (0.04 percent); and equipment and household appliances0.09 percent.

By contrast, prices of the three groups of culture, entertainment and tourism;post and telecommunication services; and garment-textile, headwear and footweardecreased by 0.23 percent, 0.15 percent, and 0.01 percent, respectively.

The index for the first five months of 2021 grew 1.29 percent year-on-year, thelowest growth rate since 2016.

Core inflation in May increased 0.15 percent month on month and 1.13 percentagainst the same period last year.

It expanded 0.82 percent in the first five months, lower than the period's 1.29percent CPI, reflecting that the fluctuations in consumer prices were mainlydue to increases in food, oil-petrol and gas prices.

The core inflation rates in May and the first five months of 2021 compared tothe same periods last year were the lowest in the past five years./.
VNA

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