CPI up 0.83 percent in October

11:21 | 02/11/2016 Society

In October, the consumer price index (CPI) rose 0.83% against September and 4.09% over the same period last year, the General Statistics Office announced on October 28.

CPI up 0.83 percent in October

Source: VNA

According to the General Statistics Office (GSO), the consumer price index (CPI) in the first 10 months of 2016 recorded a year-on-year increase of 2.27%.

In October alone, the CPI increased 0.83% against September and 4.09% over the same period last year, mainly driven by the adjustment of prices in medical services, said Director of the GSO’s Price Statistics Department Do Thi Ngoc.

The rise was seen in nine out of the 11 major goods and service groups with the biggest upturn reported in medicine and health care services (10.07%), followed by transportation (2.02%), education (0.61%), housing and construction materials (0.31%), and food and catering services (0.17%).

Two groups witnessing a price decline were culture, entertainment and tourism (0.02%) and telecommunication (0.12%).

Rising school tuitions at some centrally-run cities and provinces as well as gas and petrol price hikes were also attributed to the increasing CPI, Ngoc said.

In the month, the average domestic gold prices fluctuated at around VND3.545 million per tael while the VND/USD exchange rate was stable at around VND22,011 per US dollar.

The core inflation (excluding food and fresh foodstuff, energy and State-controlled commodities such as health and education services) in October rose 0.07% from the previous month and 1.86% against the same period last year.
The CPI in November is forecast to continue increasing due to price hikes in health services, oil and petrol, and food./.

Source: hanoitimes

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