CPI lowest in recent 10 years

VGP – The Consumption Price Index (CPI) in December increased 0.51% against the previous month and expanded 6.04% compared to the same period last year.

December 23, 2013 3:50 PM GMT+7

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The information was released at a press conference held on December 23 by the General Statistics Office.

The CPI in 2013 increased 6.6% compared to 2012, the lowest in the recent 10 years, said Price Statistics Department Nguyen Duc Thang.

Among products and services, housing and building materials saw the highest increase of 2.31% in December this year, followed by garment, headwear and footwear up 0.57%, food and restaurant services up 0.49%, beverages and tobacco up 0.27% and household commodities up 0.25%.

Meanwhile, transportation was down 0.23% and post and telecommunication services, down 0.01%.

The increase in electricity price (up 10%) contributed 0.25% to the CPI rise this year.

Mr. Thang forecasted that the supplementary issuance of Government bonds and the increasing prices in health care, electricity and water services will make the CPI rise, but not at a high rate.

By Thuy Dung