Vietnams CPI Rises at Slowest Pace in July

1:06:44 PM | 7/25/2008

Vietnam&rsquos consumer price index (CPI) is estimated to increase 1.13 per cent in July from June, the slowest pace in a single month so far this year, the government-run General Statistics Office reported on July 14.
 
The consumer prices, however, hovered 19.78 per cent from the of 2007 and 27.04 per cent from one year ago, the office said.
 
The 1.13 per cent CPI rise in July is attributed to the lower rise in prices of foods and foodstuffs, which account for 42.8 per cent of the commodities basket to calculate CPI. These items edged up 0.99 per cent on month, of which food prices fell 0.36 per cent and food stuff prices rose 1.33 per cent from June.
 
Foods recorded the highest CPI rise of 22.1 per cent on month in May due to a sudden fever.
 
Costs of medicines and health care services registered the highest rise in July, at 2 per cent on month, followed by housing and construction materials, at 1.67 per cent.
 
Postal and telecom services see a CPI fall of 0.05 per cent.
 
Followings are details of each group:
 
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Index in July 2008 compared with ( per cent)
Index in Jan-Jul 08 vs 07 ( per cent)
Base
year 05
Jul-07
Dec-07
Jun-08
Consumer price index
145.93
127.04
119.78
101.13
121.28
Food and foodstuff
172.00
144.69
132.02
100.99
134.65
Of which: -Food
211.92
172.72
158.85
99.63
143.50
-Foodstuff
159.88
136.25
123.45
101.33
132.52
Beverage and cigarette
125.94
112.25
109.27
100.98
109.08
Garment, footwear, hat
123.02
110.93
108.16
101.40
108.85
Housing and construction materials
147.75
124.87
116.25
101.67
121.11
Household appliances and goods
122.30
109.56
108.04
101.53
107.13
Medical products and health care
119.84
109.49
105.95
102.00
108.20
Means of transport & communication
128.75
115.33
111.19
100.55
113.06
Of which: Postal services & telecoms
83.71
88.80
90.65
99.95
88.18
Education
111.35
104.20
103.16
101.02
102.64
Culture, sport and entertainment
112.44
104.83
106.18
100.85
103.85
Other consumer goods and services
129.59
113.79
109.37
101.14
112.57
 
Prices of gold surged 3.2 per cent on month, while the prices of U.S dollar advanced 1.83 per cent against Vietnam dong.
 
The CPI increased 1.1 per cent on month in urban areas and 1.16 per cent in rural areas. It registered the highest rise of 1.93 per cent in coastal central region and the slowest rise of 0.69 per cent in the southeast granary region.
 
Among localities involving in CPI calculation, the central Danang province witnessed the highest CPI rise of 2.46 per cent.
 
Vietnam&rsquos CPI rose 2.38 per cent on month in January, 3.56 per cent in February, 2.99 per cent in March, 2.2 per cent in April and 3.91 per cent in May and 2.14 per cent in June. (GSO, VnExpress, People)