Ho Chi Minh City's February CPI decreases by 0.18 percent (Source: VNA)HCM City (VNA) – Ho Chi Minh City reported a decrease of 0.18percent in its consumer price index (CPI) in February compared with that of theprevious month, according to the municipal Statistics Office.
Specifically, a decline was seen in four out of 11 commoditygroups, including restaurant and catering service (0.18 percent); beverage andtobacco (0.83 percent); culture, entertainment and tourism (0.31 percent); andtransport (2.8 percent).
The fall in prices of these products was attributed to declining demand of local people and impacts of the acute respiratory disease caused bythe coronavirus SARS-CoV-2 (COVID-19).
Prices of five commodity groups reported an increase, with thehighest level recorded in medicine and medical services (0.64 percent); andhousing, fuel, and building material (0.51 percent).
Meanwhile, prices of education; and post and telecommunicationservices remained unchanged in February.
In the month, gold prices increased by 2.87 percent against theprevious month, and the VND/USD exchange rate was also up 0.32 percentmonth-on-month.
The average CPI for the first two months of the year picked up 5.41 percent from one year ago./.
VNA
