Hanoi's CPI grows over 3 percent in five months

Hanoi’s consumer price index (CPI) rose by 3.04 percent in the first five months of 2022 against the same period last year, according to the municipal Statistics Office.
Hanoi's CPI grows over 3 percent in five months ảnh 1A consumer selects producs at a supermarket. (Photo: VNA)
Hanoi (VNA) – Hanoi’sconsumer price index (CPI) rose by 3.04 percent in the first five months of2022 against the same period last year, according to the municipal StatisticsOffice.
Among the 11 commoditygroups, three saw strong price increases, including transport; housing, electricity,fuel and construction materials; and beverages and tobacco, by 15.3 percent;4.85 percent; and 2.03 percent.

Meanwhile, post andtelecommunications and education recorded respective declines of 0.3 percent and 2.26percent.

Gold prices increasedby 0.3 percent, while USD prices fell by 0.74 percent compared to the sameperiod last year.
In May alone, thecity’s CPI increased 0.3 percent from the previous month, and 3.79 percentyear-on-year.

Ten out of the 11 commodity groups posted increased prices in May.

Prices in the culture,entertainment and tourism group recorded the sharpest rise of 2.59 percent asthe month included a four-day holiday and SEA Games 31.
Transport services expanded by 2.12 percent after three consecutive petrol price hikes in themonth.

Education inched up0.3 percent as schools completed the collection of remaining fees for the2021-22 academic year; while prices of beverages and tobacco, and food andcatering services saw marginal increases.

Only prices of housing, electricity, fuel and construction materials contracted by 0.71 percent in the month./.
VNA

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