Hanoi’s CPI picks up in June over petrol price adjustment

Hanoi’s consumer price index (CPI), an indicator of inflation growth in the city, grew by 0.13 percent in June from the previous month and 0.98 percent against the same month last year, buoyed by the increase in petrol prices.
Hanoi’s consumer price index (CPI), an indicator of inflation growth inthe city, grew by 0.13 percent in June from the previous month and 0.98percent against the same month last year, buoyed by the increase inpetrol prices.

Triggered by the petrol price adjustment on May20, the price bracket saw the sharpest rise in transportation, soaring3.58 percent from May.

Meanwhile, price decreases were seen infood and restaurants (0.43 percent), thanks to the abundant supply offood and farm produce.

Slight surges were seen in garments,footwear and hats (0.14 percent); housing, electricity, water, fuel, andbuilding materials (0.06 percent); home appliances (0.1 percent);beverages and tobacco (0.49 percent); medicine and healthcare services(0.05 percent); culture, entertainment and tourism (0.17 percent); andother commodities (0.1 percent).

Prices in post-communication and education sectors remained unchanged.

Lastmonth, the Hanoi Statistics Office announced that the capital city'sCPI showed a month-on-month increase of 0.12 percent from April and ayear-on-year surge of 0.93 percent.

The office saidthe increase was mainly due to a surge in petrol prices since May 5that pushed a number of commodity prices up, especially transportprices, which jumped 1.06 percent from April.-VNA

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