Illustrative image (Source: VNA)
Hanoi (VNA)
– The consumer price index (CPI) in August rose 0.92 percent from the previous
month and 3.35 percent over the same period last year, according to the General
Statistics Office (GSO).
An upturn was seen in
10 out of 11 goods and service groups. Medicine and health care services posted
the highest increase with 2.86 percent, followed by transportation with 2.13
percent;food and catering services, 1.06 percent;housing and construction
materials, 0.93 percent; education, 0.57 percent; and other goods and services,
0.10 percent.
Post and
telecommunication was the only group that reported a drop of 0.04 percent.
Do Thi Ngoc, Vice
Director of the Price Analysis under the GSO, attributed the rise in the August
CPI to the increase of foodstuff after pork price recovered.
In addition, recent floods
and storms pushed vegetable price up by 3.89 percent over the previous month,
contributing to the CPI increase.
In August, gold price fluctuated
in accordance with the world gold price, with an average increase of 1.11
percent to reach around 36.4 million VND (1,601 USD) per tael.
Meanwhile, the USD
price fell by 0.03 percent thanks to the management of the State Bank of
Vietnam on the reference VND/USD exchange rate and the abundant foreign
currency reserve. Current exchange rate is around 22,700VND per USD.
The GSO also assessed
that the core inflation in August was up 0.1 percent over the previous month
and 1.31 percent year on year. The average inflation in the first eight months
of this year was up 1.47 percent, lower than the set target of 1.6-1.8 percent,
which showed the stability in themonetary policy.
The GSO also
forecastthat CPI in September will continue increasing following rises in pork,
vegetables, fuel, health care services and education fees.-VNA