The national consumer price index (CPI) in July grew by 0.4 percent against June and 3.39 percent year-on-year, the General Statistics Office (GSO) reported on July 29.
Hanoi (VNA) - The national consumer price index (CPI) in July grew by 0.4 percentagainst June and 3.39 percent year-on-year, the General Statistics Office (GSO)reported on July 29.
Of the 11 main commodity groups, nine saw prices rise. Transportation increasedthe most, by 3.91 percent, while housing and construction materials up 0.47 percent;culture, entertainment and tourism 0.3 percent; and goods and other services 0.17percent.
The price of food and catering services and postand telecommunications,meanwhile, fell 0.18 percent and 0.02 percent, respectively.
Director of the GSO’s Price Statistics Department Do Thi Ngoc said the CPI rosein July on the back of higher prices of petrol, gas, electricity, and water dueto increasing demand.
The petrol price increased 9.02 percent during themonth, resulting in a 0.37 percent rise in the CPI in July.
Meanwhile, the prices of electricity and water increased 2 percent and 0.25 percentmonth-on-month, respectively.
The VND/USD exchange rate lost 0.23 percent during the month.
The domestic gold price was around 50 million VND per tael (2,160 USD), or 3.49percent higher than in June.
The average CPI rose 4.07 percent year-on-year between January and July. The seven-month CPI was up 3.63 percent in urban areas and 4.51percent in rural areas.
The GSO said that core inflation (the CPI excluding foodstuffs, fresh food,energy, healthcare, and education) in July and the first seven months of 2020 increased2.31 percent and 2.74 percent, respectively, against the same period last year./.
The consumer price index (CPI) in May decreased by 0.03 percent against the previous month and 1.24 percent against last December, but increased by 4.39 percent year-on-year, the General Statistics Office (GSO) reported on May 29.
The June consumer price index (CPI) rose 0.66 percent month-on-month and 3.17 percent year-on-year but was down 0.59 percent against December 2019, the General Statistics Office reported on June 29.
The June CPI in Ho Chi Minh City was up 0.66 percent from last month, and up 2.1 percent from the same month last year, the city’s statistics office said on June 30.
Vietnam’s CPI this year must be controlled and grow by less than 4 percent, and this is one of the tasks to develop the economy during the remaining months of 2020, Prime Minister Nguyen Xuan Phuc said on July 1.
The consumer price index (CPI) is projected to increase by between 3.5 percent and 4 percent this year, according to experts at a seminar held in Hanoi on July 2, which focused on national market and price movements in H1 and forecasts for the whole year.
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Illustrative image (Photo: VNA) 
