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.
Photo for illustration

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%./.