Ho Chi Minh City’s Consumer Price Index (CPI) in February picked up 0.86 percent from the previous month and 1.09 percent from the same period last year, data from the municipal statistics office show.
HCM City (VNA) – Ho Chi Minh City’s Consumer PriceIndex (CPI) in February picked up 0.86 percent from the previous month and 1.09percent from the same period last year, data from the municipal statisticsoffice shows.
Most of the commodity and service groups, except for postand telecommunications, recorded hikes in prices compared to January.
Prices of food and catering services and those of beverageand tobacco increased 0.44 percent and 0.73 percent, respectively, month-on-monthon account of surging demand during the Tet (Lunar New Year) holiday.
Prices of housing, water supply, electricity, fuels andconstruction materials advanced 1.71 percent month-on-month largely due to a 1-percentraise in housing rental rates, as well as 23.3 percent and 8.39 percent increasesin water supply and kerosene, respectively.
Rates of transport services posted the highest growth of2.51 percent on the back of rising fuel prices and public transport fares.
By contrast, prices of post and telecom commodities andservices edged down 0.23 percent because of slight decline in prices of mobilephones and phone repair services./.
Vietnam will need to cut taxes and fees, in addition to using the petroleum price stabilisation fund if petrol prices keep rising, said a leader from the Ministry of Industry and Trade (MoIT).
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Illustrative photo. (Source: VNA)
