Illustrative photo (Source: VNA)Hanoi (VNA)– The consumer price index of Hanoi in March declined 0.22 percent over theprevious month but increased 2.7 percent over the same period last year.
Major reason for thedrop is a reduction in prices of three goods groups - food and cateringservices; housing, electricity, fuel and construction materials; andtransportation.
Lower demand after thetraditional New Year festival in February and warmer weather with abundantsupply of farm produce pulled the prices of food and foodstuff down. Meanwhile,lower gas prices also led to a fall in the prices of housing, electricity, fueland construction materials.
A fuel price cut alsomade the price of transportation lower.
The average index inthe first three months of this year rose 2.54 percent over the same period lastyear. An upturn was seen in 10 groups of goods and the only one experienced afall.-VNA
VNA
