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October CPI in Hanoi suddenly increased low
15/11/2022

The Hanoi Statistics Office has just announced that the consumer price index (CPI) of the capital in October 2014 increased by 0.04% over the previous month and by 2.72% over the same period last year. Thus, since the beginning of the year, Hanoi's CPI has increased by 2.09%. CPI rose to the lowest level within 11 years in both the previous month and the same month last year due to the abundant supply of goods in the market, the people's purchasing power is still low...

During the month, due to the continuous decline in gasoline prices of all kinds, the traffic group price index decreased by 1.07% compared to the previous month. According to observation, although the price of petrol has decreased much, the passenger transport fee as well as the taxi fare have not been adjusted to decrease accordingly.
 
On the other side, although up to 10 commodity groups increased in price, the slight increase had little impact on the general index. The low demand of the people combined with the abundant supply made the price index of food and catering services only increase by 0.13% compared to the previous month, of which food increased by 0.54%, food increased by 0. 01% and eating out of the family increased by 0.22%.

Due to the largest weights, food and beverage services have the strongest influence on the overall index. However, in recent months, this group has tended to decrease gradually due to the guaranteed supply, so Hanoi's CPI is forecasted to reach the year target set by the City People's Council.

The group with the second largest weight is housing, building materials, electricity, water and fuel, which also increased by 0.04% compared to the previous month. The quiet construction activity made the prices of construction materials such as cement, iron and steel stable and decreased slightly compared to the previous month.

However, the retail gas price was adjusted to increase by 4,000 VND/ 12kg bottle from October 1 and the price of domestic water was also adjusted up, causing the group's general price index to increase slightly after falling continuously for two consecutive years. last month.
 
During the month, due to the strong influence of the world market, the price of gold and the US dollar fluctuated oppositely when reaching the respective levels, down 3.98% and up 0.13% compared to the previous month.

 

Thai Ha
Source: VnEconomy
Source: International Trade Information - Import-Export.

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