CPI rises 0.66% in June, highest in past five years

Monday, 2020-06-29 17:59:24
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CPI rise in June is mainly due to three consecutive increases in petrol prices. (Illustrative image)
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NDO – Vietnam’s Consumer Price Index (CPI) expanded by 0.66% in June compared to the previous month, mainly due to three consecutive increases in petrol prices and soaring pork prices.

According to the General Statistics Office, this was highest rise for June in the 2016-2020 period due to the price increases of seven out of 11 groups of commodities and services with the highest rises in the price of transport.

In June, seven groups of commodities and services saw price increases including transport, restaurants and catering services, food, household appliances, medicines and healthcare services, education, and other goods and services.

Meanwhile, housing and construction materials, postal and telecommunication and culture, entertainment and tourism posted price declines in June. Interestingly, apparels, hats and footwear reported no price changes.

However, the CPI in June went down by 0.59% compared to December of 2019. The average CPI in the first six months of 2020 expanded by 4.19% over the same period in 2019 which was also the highest level in the 2016-2020 period.

The CPI in the second quarter of 2020 decreased by 1.87% over the previous quarter and went up by 2.83% over the same period in 2019.