Vietnam May CPI Rises 0.27% On Month, Up 4.55% From December: GSO, Vietnam Economic News
Vietnam Business » Vietnam Economic News » Vietnam May CPI Rises 0.27% On Month, Up 4.55% From December: GSO
Vietnams consumer price index in May is estimated to have jumped 0.27% from April. Vietnams consumer price index in May is estimated to have jumped 0.27% from April driven by higher prices of houses, building materials and goods & services, the governments General Statistics Office said May 24.
The index was up 4.55% from last December, the financial website CafeF reported citing the GSO statistics.
In May, prices of houses, building materials and goods & services posted the highest rise of 1.46% and 1.34% respectively from April.
Prices in other sectors including beverages and tobacco apparel, footwear and hats, furniture and household products, medicine and healthcare service, transport were up under 1%, GSO said without giving specific price rises.
Two sectors which saw declines in prices were food and restaurant services, down 0.12% and telecommunication sledding 0.05%.
Gold prices in May increased 1.91% on-month as a result of global price hike while the U.S. dollar exchange rate fell by 0.65% on-month on higher supply.
The CPI in urban areas in Vietnam rose 0.37% on-month while the index in rural regions was up 0.19%.
Ho Chi Minh City posted 0.48% CPI increase, Hanoi at 0.41%, Gia Lai at 0.16%, Thua Thien Hue at 0.09% and Thai Nguyen at 0.04%.
Lower-than-expected May CPI eased concerns about high inflation and give room for Vietnam government to take measures to boost its economic activities.
Vietnam Business And Financial News Network. Source [stox.vn]
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