The consumer price index (CPI) of Hanoi and Ho Chi Minh City in February rose by 0.89 percent and 0.34 percent over the previous month, and up 2.86 percent and 2.41 percent year-on-year (Photo: VNA)Hanoi (VNA) – The consumer price index(CPI) of Hanoi and Ho Chi Minh City in February rose by 0.89 percent and 0.34 percentover the previous month, and up 2.86 percent and 2.41 percent year-on-year,respectively.
The rise was driven by the high demand for commoditiesand services during the Lunar New Year (Tet) festival, the country’s largestholidays in a year.
According to the Hanoi Statistics Office, comparedwith the previous month, increases were seen in most of the commodity groups,especially food and catering (2.17 percent). The prices of food, includingpork, beef, poultry, seafood and vegetables, also surged in the period.
Housing, electricity, fuel and construction materialswent down 0.08 percent while post and telecommunications declined 0.32 percent.
In February, the city served 848,000 domesticvisitors. Earnings from accommodation and catering services reached about 10trillion VND (439.37 million USD) in the first two months of 2018, rising 11.5percent against same period last year.
Hanoi’s export revenue is estimated to hit 2.09 billionUSD in the Jan-Feb period, up 25.1 percent year-on-year while its import isvalued at 2.49 billion USD, up 15.4 percent.
In the southern largest economic hub of HCM City, the pricesof eight out of 11 commodity baskets recorded growth, with the highest rateseen in food and catering at 0.81 percent, reported the municipal StatisticsOffice on February 28.
Meanwhile, decreases were seen in housing,electricity, fuel and construction materials (0.1 percent); beverage andequipment and home appliances (0.03 percent).
The price of gold increased by 0.71 percent, while theprice of US dollar declined 0.51 percent from that of January 2017.-VNA
The rise was driven by the high demand for commoditiesand services during the Lunar New Year (Tet) festival, the country’s largestholidays in a year.
According to the Hanoi Statistics Office, comparedwith the previous month, increases were seen in most of the commodity groups,especially food and catering (2.17 percent). The prices of food, includingpork, beef, poultry, seafood and vegetables, also surged in the period.
Housing, electricity, fuel and construction materialswent down 0.08 percent while post and telecommunications declined 0.32 percent.
In February, the city served 848,000 domesticvisitors. Earnings from accommodation and catering services reached about 10trillion VND (439.37 million USD) in the first two months of 2018, rising 11.5percent against same period last year.
Hanoi’s export revenue is estimated to hit 2.09 billionUSD in the Jan-Feb period, up 25.1 percent year-on-year while its import isvalued at 2.49 billion USD, up 15.4 percent.
In the southern largest economic hub of HCM City, the pricesof eight out of 11 commodity baskets recorded growth, with the highest rateseen in food and catering at 0.81 percent, reported the municipal StatisticsOffice on February 28.
[February’s CPI edges up due to strong demand during Tet]
Other goods with higher prices were other goods andservices (0.75 percent); beverage and cigarettes (0.72 percent); culture,entertainment, and tourism (0.33 percent); telecommunications (0.18 percent);medicine and healthcare services (0.12 percent); transportation (0.6 percent)and education (0.01 percent).Meanwhile, decreases were seen in housing,electricity, fuel and construction materials (0.1 percent); beverage andequipment and home appliances (0.03 percent).
The price of gold increased by 0.71 percent, while theprice of US dollar declined 0.51 percent from that of January 2017.-VNA
VNA
