CPI picks up slightly in April

15:15 | 27/04/2016 Society

The consumer price index (CPI) went up 0.33% against March and posted a year-on-year growth of 1.89%, according to the General Statistics Office (GSO).

CPI picks up slightly in April

Consumers shop at a supermarket (Photo: VNA)

Since the beginning of 2016, the CPI increased 1.33% on monthly average and surged 1.41% in the first four months against the same period last year.

Eight out of the 11 groups of goods and services witnessed price hikes. Transport saw the sharpest price increase with 1.73%; followed by housing and building materials with 0.71%; pharmaceutical and healthcare service with 0.45%; education with 0.37%; beverage and tobacco with 0.17%; household utensils with 0.1%; other commodities and services with 0.1%; footwear, hats, garments and textiles with 0.05%.

Prices of catering and post and telecoms reached a plateau while cost of culture, entertainment, and tourism services dropped slightly at 0.01%.

Do Thi Ngoc, Deputy Director of the GSO’s Price Statistics Department, attributed the CPI expansion to impacts of the drought in the central and Central Highlands regions and saltwater intrusion in the Mekong Delta that pushed rice price up.

The increasing demand for construction kept the price of building materials high, she said, adding that water price increased by 0.3% due to the higher demand in the early summer.

While the domestic gold price fluctuated in accordance with the world gold and petroleum prices, the price of US dollar was stable at VND22,300 - VND22,400/US dollar during the month./.


Source: VGP


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