Hanoi: Consumer price index rises over 3 percent

14:32 | 03/10/2017 Society

Hanoi’s Consumer Price Index (CPI) in September posted a month on month rise of over 3 percent as reported by the municipal Statistics Office.

The Office attributed the growth to the rising prices of foods and foodstuff, which has made up the largest part of the groups concerning commodities that are subject to calculation for the index.

At a conference of the Hanoi People’s Committee on September 28, it was reported that the average consumer price index in the capital in regards to the first nine months was up by 3.5-3.55 percent over the same period last year.

The average CPI in 2017 is estimated to increase by 3.05-3.11 percent compared to 2016.

The city’s revenue for the first nine months of the year reached VND146.4 trillion (US$6.5 billion), meeting 71.5 percent of the year’s targeted revenue.

It is estimated that the total city revenue for the entire year will reach over VND207.6 trillion (US$9.2 billion).

The city aims for a GDP growth of 8.5 percent in 2017.