CPI rises 1.68 percent in Vietnam’s southern hub

TN News

Email Print

Ho Chi Minh City’s consumer price index was up 1.68 percent this month and 9.45 percent over the same period last year, the city’s statistical office has reported.

According to HCMC Statistical Office, culture, entertainment and tourism services prices went up 3 percent in February as compared to last month.

Restaurant prices increased 2.66 percent, while food rose 4.87 percent, it said.

Other goods like drinks and tobacco also cost 2.06 percent more. Housing, electricity, water, fuel and constructional materials prices, meanwhile, went up 2.1 percent, according to the agency.

Experts attributed the increase to the fact that most of goods and service prices went up due to high consumption demand during Tet, the Lunar New Year, which began on February 14.

Overall sales in the city during Tet rose 30-40 percent year-on-year, HCMC Department of Industry and Trade reported on Monday.

In the meantime, Hanoi’s CPI saw an increase of 2.61 percent, doubled last month’s rise, the Hanoi Statistical has reported.

It went up 9.69 percent year-on-year, the agency said, adding that restaurants, food and fuels were among products with prices that rose between 2.28-4.24 percent.

Source: Tuoi Tre

More Business News