Hanoi’s CPI rises 5.23 percent in Q1

• CPI in January hits record high in recent 7 years
• This year’s CPI expands 3.54% from 2017: GSO

The consumer price index (CPI) of Hanoi in the first quarter of 2020 increased by 5.23 percent against the same period last year, according to the municipal Statistics Office.

In March, the city’s CPI decreased 0.89 percent against the previous month, but rose 0.1 percent over December 2019 and 4.36 percent year-on-year.

Seven out of 11 commodity groups recorded declining prices compared to February, with transport costs experiencing the highest fall of 4.19 percent as petrol prices sharply decreased over the period.

It was followed by culture, entertainment, and tourism services with a month-on-month reduction of 2.97 percent due to impacts of the COVID-19.  
The groups of restaurant and catering services; and housing, electricity, water, fuel, and building materials recorded respective declines of 0.77 percent and 0.54 percent.

Meanwhile, the beverages and cigarettes, and other goods and services both saw a price drop of 0.25 percent.

The price of postal services and telecommunications recorded the lowest decline of 0.07 percent.

Other commodities, including household appliances; medicine and health care services; and garments, footwear and hats; and education slightly increased by 0.1 percent, 0.04 percent, 0.03 percent and 0.02 percent, respectively.

This month, the prices for gold and the US dollar respectively rose by 3.49 percent and 0.05 percent compared to the previous month.