WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Trade - Service
Vietnam’s consumer prices remain at 7-year high in Jan-Feb
13:29, 2020/03/02
The CPI increased 5.91% year-on-year in the first two months of 2020, the highest growth rate for a two-month period over the last seven years.

Vietnam's consumer price index (CPI) in February saw a decline of 0.17% against the previous month but still up 1.06% versus the end of 2019 and 5.4% year-on-year, the highest growth rate for February in seven years, according to the General Statistics Office (GSO). 

 Data: GSO. Chart: Ngoc Thuy.

Five out of 11 commodity groups, which are components of the basket for CPI calculation, witnessed month-on-month hikes in prices. Among them, food and catering services posted the sharpest increase of 0.26%.

Other groups that saw their prices increase were medicine and healthcare services (0.13%), which was a result of a sharp increase in demand for medical equipment against the Covid-19 epidemic.

In addition, prices of household equipment and appliances went up 0.08%; education 0.04% and other goods and services 0.17%. 

The six groups that saw their prices down in February were transportation (-2.5%), mainly due to petroleum price cut on February 14; culture, entertainment, and tourism (-0.43%); beverages and cigarettes (0.28%); garment, footwear and hats (-0.13%); housing, water and electricity supply, and construction materials (-0.03%); and post and telecommunications (-0.05%).  

According to the GSO, core inflation in February picked up 0.17% month-on-month, and 2.94% year-on-year, resulting in an increase of 3.1% year-on-year on average in the January – February period.

RELATED NEWS
TAG: Vietnam consumer price index CPI covid-19 coronavirus nCoV
Other news
16:50, 2024/11/23
Hanoi hosts the Vietnam Regional Specialties Fair 2024
This year's fair will contribute to the promotion of trade and the expansion of typical regional products, especially agricultural and food products that meet export standards.
14:06, 2024/11/20
Hanoi strengthens export competitiveness and trade protection measures
Hanoi will work with the Ministry of Industry and Trade to ensure that businesses and manufacturers are ready for new challenges.
10:49, 2024/11/16
US reiterates Vietnam is not manipulating currency
The US Treasury Department’s positive evaluation underscores Vietnam’s progress in balancing its economic and monetary policies while fostering strong bilateral relations with the US.
21:14, 2024/10/31
Vietnam, Brazil: Building bridges through shared history and new partnerships
Vietnam and Brazil are forging a future of mutual development, bridging continents through their shared history and new partnerships.
16:54, 2024/10/29
Hanoi to attract tourists by showcasing local specialties at wholesale markets
Hanoi aims to enhance supervision of food safety and traceability, along with promoting cashless transactions.
16:28, 2024/10/27
National E-commerce Week, Vietnam Online Shopping Day 2024 set to kick off
This year's event will focus on celebrating and raising the status of Vietnamese products, according to the Ministry of Industry and Trade.