Hanoi CPI rises by 0.32%

Tuesday, 30/01/2024 11:16
Hanoi’s consumer price index (CPI) in January 2024 increased by 0.32% over the previous month and increased by 4.73% over the same period last year. This is a moderate increase for the time approaching the Lunar New Year (Tet), showing that the market situation is not as exciting as expected.
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This month, some product groups had CPI increases compared to the previous month. The highest increase belonged to the group of housing, electricity, water, fuel and construction materials with 1.06% (causing general CPI increase by 0.22%) due to rises in gas prices and house rents.

The transportation group soared by 0.43% (causing general CPI increase by 0.04%) due to gasoline and oil prices being raised on January 11, 18 and 25 (gasoline prices went up by 0.91 %, oil prices went up by 1.39%).

The beverage and tobacco group increased by 0.34% (causing general CPI increase by 0.01%) due to increasing consumer demand close to Tet holiday. The food and catering services group increased by 0.13% (causing general CPI increase by 0.04%), of which food rose by 1.16%; foodstuff decreased by 0.01% and eating out increased by 0.11%.

Groups with a slight increase in CPI compared to the previous month include apparel, hats, and footwear, up 0.06%; and medicines and medical services up 0.02%.

There are three product groups whose CPI decreased over the same period. Specifically, equipment, household appliances, postal and telecommunications groups all decreased by 0.02%; while culture, entertainment and tourism declined by 0.05%.

Compared to the previous month, the gold price index in January 2024 increased by 2.51% and the US dollar price index surged by 0.53%./.

BTA

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