January’s CPI increases 0.52% due to high Tet demand
Vietnam’s consumer price index (CPI) in January edged up by 0.52 % month-on-month, fueled by high consumer demand for the Lunar New Year or Tet which fell in the same month, the General Statistics Office said on January 29.
January’s CPI increases 0.52% due to high Tet demand (Photo: VNA)
Hanoi (VNA)♒ – Vietnam’sconsumer price index (CPI) in January edged up by 0.52 % month-on-month, fueledby high consumer demand for the Lunar New Year or Tet which fell in the same month, the General Statistics Office said on January 29.
In addition, the prices of goods, food andfoodstuffs went up during the final lunar month to prepare for the longest annual holidayand domestic fuel prices rose to global levels, contributing to the rise of theindex. This month’s CPI increased by 4.89 %year-on-year, while the core inflation in January inched up 5.21%. Among the 11main commodity groups, nine marked a month-on-month increase in prices, and the rest registered a decline. Transport services reported the highest rise of 1.39 %,followed by beverage and cigarette with 1.12%. The prices of catering, other goods and services, apparel, footwear and hat, gold prices, restaurant services, cultural activities, and entertainment posted a growth of 0.82%, 0.72%, 0.62%,0.57%, 0.46% and 0.42%, respectively. Household equipment and appliances reported the smallest increase, at 0.36%. Meanwhile,the prices of housing and construction materials and education fell by 0.12% and0.15%, respectively./.
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January’s CPI increases 0.52% due to high Tet demand (Photo: VNA) 
