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CPI rises in Ha Noi, HCM City   2010-05-23 - VNS

 

 HCM City and Ha Noi statistics offices reported an increase of 0.48 per cent and 0.41 per cent, respectively, in the consumer price index (CPI) in May over April.

 

 The index in the southern economic hub represented a rise of 9.82 per cent over the previous year and a growth of 4.51 per cent so far this year, municipal statistics office head Du Quang Nam said.

Real estate, electricity and water, fuel and construction materials took the lead in the price rises with a rate of 1.70 per cent.

Most of essential goods saw price increases such as household utensils with prices up by 0.48 per cent, followed by food and restaurant services by 0.42 per cent and apparel and footwear by 0.31 per cent.

Cigarettes were among a few items which saw a price drop, declining 0.13 per cent.

Supper markets enjoyed a sharp surge in retail revenue, largely attributable to their huge promotion offers and a long holiday celebrations on April 30 and May 1, that pushed up purchasing power.

The extended holiday with associated increased demand in consumption has been believed to have sent prices and transaction volumes of a number of consumer goods up at wholesale markets.

The retail prices of staples continued to fall by 0.39 per cent as the winter-spring harvest finished.

Good news came from rice exporters who said they were exporting the grain at US$466 a tonne, representing an increase of $60 year-on-year and $16 over the average bidding price won by other regional rice exporters.

Food prices rebounded in May with a rise of 0.69 per cent after a slight drop of 0.23 per cent in April.
Among the items that saw increases were uncooked poultry meat, up 0.43 per cent, assorted processed meat up 0.4 per cent, eggs 0.6 per cent and uncooked seafood by 1.35 per cent.

Gold rose by 1.93 per cent over the previous month while the dollar fell by 1.07 per cent in value against the Vietnamese dong.

Meanwhile, the Ha Noi statistics office reported that CPI surged by 9.62 per cent year on year and 4.9 per cent over December, 2009.
All groups of consumer goods experienced price rises in May, except entertainment and post and telecommunications as their customer charges dropped between 0.05 and 0.17 per cent.

As in HCM City, housing, electricity, water, fuel and construction materials led in price rises at a rate of 1.77 per cent month on month while prices of other items rose slightly at less than 1 per cent.

The municipal statistics office blamed CPI growth on rising input costs such as electricity and water charges.

The gold market witnessed price fluctuations while the US dollar value against the Vietnamese dong went dropped by 1.1 per cent month on month, replicating the experience of the HCM City market.



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