CPI in October shows three-year high rise
The Consumer Price Index (CPI) in October picked up 0.59% from September, the biggest increase for the same month during the past three years, the General Statistics Office (GSO) announced on 29 October.
GSO said the high increase is attributable to declining supply of pork due to
the African swine fever disease, rising world petrol price, and upward
adjustment of education fees.
The average CPI for the first 10 months of the year went up 2.48% on a yearly basis, the lowest increase for the period in the recent three years.
Among the 11 groups of commodities and services in the price basket, 10 groups posted increases, with the highest rise of 1.04% seen in restaurants and catering services prices. Transport prices rose 0.99%, housing and construction materials 0.53%, and education 0.19%.
Only the prices of post and telecommunication declined, by 0.06%.
According to Do Thi Ngoc, director of the GSO’s Pricing Statistics, besides the factors that pushed up the CPI, the decreases in the prices of live poultry and eggs, fruits, and train tickets helped curbed the CPI.
The core CPI in October (excluding foodstuff, fresh food, energy and State-controlled commodities which are health care and educational services) grew 0.15% month-on-month and 1.99% year-on-year. The average core CPI for the January-October period rose 1.92% from the same period last year.