HCM City (VNA) - The August consumer price index (CPI) of Ho Chi Minh City recorded a month-on-month rise of 0.33 percent, according to the city’s Statistics Office.
The rise was attributed to the extended social distancing measures that pushed up demand for essential items like foodstuff while supply was in a shortage and transportation costs rose.
Three commodity groups posted rising prices, which are food and catering services with a 1.68 percent increase; beverages and tobacco 0.75 percent; and education 0.003 percent.
The prices of pharmaceutical products and health care services remained stable.
Meanwhile, declines were reported in the prices of other groups, with housing, electricity, water, fuel, and building materials experiencing the strongest contraction of 0.84 percent.
In August, the prices for both gold and US dollar in the city fell by 0.05 percent compared to the previous month.
The average CPI in the first eight months of 2021 rose by 2.51 percent compared to that of the same period last year./.
Vietnam looks to maintain Consumer Price Index (CPI) growth lower than 1 percent a month during the last quarter of 2021 in an effort to keep inflation under the 4 percent target for the year, heard a recent meeting between Deputy Prime Minister Le Minh Khai and the National Pricing Management Committee in Hanoi.
The August consumer price index (CPI) went up 0.25 percent from July, 2.51 percent from December 2020, and 2.82 percent from the same period last year. However, the eight-month CPI rose by only 1.79 percent year on year, the slowest pace since 2016.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
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A supermarket in HCM City (Photo: VNA) 
