Hanoi (VNA) – The consumer price index of Vietnam fell slightly by0.09 percent in July, the General Statistics Office (GSO) announced on July 29.
The figure represented a year-on-year increase of 4.46percent and was up 2.13 percent against December 2017.
In the first seven months of this year, the index inched up3.45 percent year on year.
Among 11 main commodity and service groups, eight reportedmonthly growth in prices, with the goods and services recording the highesthike at 0.56 percent. It was followed by food and catering services (0.43percent); housing and construction materials (0.37 percent); culture, entertainmentand tourism (0.26 percent); and apparel, headgear and footwear (0.12 percent).
Price decreases were seen in three groups, including medicinesand health care services (5.85 percent); transport (0.52 percent) and post andtelecommunications services (0.05 percent).
Do Thi Ngoc, head of the GSO’s Statistics Department,attributed the CPI decrease in July to reductions in the prices of rice, andoil and gas.
Basic inflation (CPI exclusive of fresh food, energy, andState-controlled services such as health care and education) rose by 0.15percent monthly and 1.41 percent annually in July, pushing its seven-month figureby 1.36 percent, proving that monetary policy remains stable.-VNA
There will be no big changes in market prices in the remaining months of this year, price management officials said at a conference on market price developments in the first half and forecasts for the whole year in Hanoi on July 3.
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Illustrative Image (Source: VNA) 
