The consumer price index (CPI) of Hanoi and Ho Chi Minh City declined in April mainly due to price decreases in food catering services and housing commodity groups.
The consumer price index (CPI) of Hanoi and Ho Chi Minh Citydeclined in April mainly due to price decreases in food cateringservices and housing commodity groups.
Hanoi’s CPIdecreased by 0.15 percent over the previous month, but recorded a riseof 5.6 percent over the same period last year.
HCM City posted a 0.33 percent fall from March, but a rise of 2.44 percent over the same month last year. Deflation was seen for two consecutive months in both cities, mainlyattributes to decreasing demand for food catering services.
In Hanoi, the price of food catering services fell by 0.65 percent. In HCM City, the price of food catering services decreased by about 1 percent.
However, the transport service saw strong increases after recent hikesin oil and petrol prices (1.17 percent and 1.23 percent in Hanoi andHCM City, respectively).
The nation’s CPI for the firstthree months of this year rose by 2.39 percent, lower than the averagegrowth of 4.2 percent recorded during the same time in the 2004-2012period.
The Government aims for CPI to reach about 6-6.5 percent this year.-VNA
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