10:30:29 PM | 25/8/2010
Hanoi’s consumer price index in August is estimated to have increased at the four-month lowest monthly pace of 0.15% from July, supported by lower costs of housing and building materials and post and telecommunications.
The index rose 8.09% from a year earlier and 9.15% since early this year, the municipal Statistics Office said last weekend.
Most groups of commodities saw small price increases of between 0.06% and 0.79% this month, led by food and restaurant services, followed by transport, garments and footwear.
Prices of housing, electricity, water and fuel, however, fell 0.05% while post and telecoms services witnessed a sharper fall of 4.71%.
Gold prices in Hanoi surged 37.96% from a year earlier despite an on-month drop of 1.34% in August. The U.S. dollar gained 7.02% on-year and 0.73% on-month.
The Ministry of Finance earlier forecast Vietnam’s CPI to rise between 0.2% and 0.25% on-month in August, driven by higher costs of various essential commodities. (VNA)