Vietnam’s CPI up 0.45% in August

Wednesday, 2018-08-29 16:17:49
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Food and eating services made the largest price increases in August.
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NDO - The consumer price index (CPI) rose by 0.45% in August compared to the previous month, while the average CPI in the first eight months of 2018 increased by 3.52%, according to the General Statistics Office (GSO).

Among the 11 groups of goods and services used to calculate the CPI, ten were higher than in July, with food and dining services making the largest gain at 0.87%, contributing a 0.25% increase to the overall CPI.

Educational costs rose 0.46% in August as many provinces raised tuition fees as scheduled, while the costs of utility services and building materials climbed 0.44% month on month.

The entertainment and tourism group rose 0.19%, while transport costs and beverages went up 0.13% and 0.11%, respectively.

Post and telecommunications are the only group whose prices dropped in August, falling 0.07%.

In August, the gold price index fell by a sharp 1.41% against the previous month, while the US dollar index rose 1.12%.