February’s CPI up 0.8 percent - Illustrative image (Source: VNA)Hanoi (VNA) – Vietnam’s consumer price index (CPI) in Februaryrose by 0.8 percent over the previous month, and 2.64 percent year-on-year, theGeneral Statistics Office (GSO) announced on February 28.
The two-month index inched up 2.6 percentcompared with that of the same period last year.
Among the 11 main commodity groups, ninereported increases in prices, with food and catering services experiencing thehighest at 1.73 percent – driven by high demand during the Tet (Lunar New Year)holidays.
The price of housing and building materialsrose by 0.69 percent; culture, entertainment, and tourism by 0.66 percent; anddrinking and tobacco by 0.35 percent.
Decreases were seen in prices of education(0.47 percent) and post and telecommunications (0.03 percent).
During the month, gold prices were up 1.53percent month-on-month, but down 0.16 percent year-on-year. In contrast, theprice of the US dollar fell 0.09 percent against the previous month, but roseby 2.24 percent from the same period last year.
According to the GSO, February’s inflationinched up 0.48 percent compared with that of January, and 1.82 percentyear-on-year, pushing the two-month inflation up 1.82 percent year-on-year. –VNA
VNA
