CPI picks up 0.58% in October


VGP – The consumer price index (CPI) experienced a month-on-month increase of 0.58% and a year-on-year growth of 2.65% in October, the Ha Noi Statistics Office reported. 

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In October, eight out of 11 groups of products and services witnessed price hikes.

The group of restaurants and food services saw the biggest price increases; followed by transport and housing, electricity, water, fuel, and building materials (up 0.7%). 

In the first ten months, CPI picked up 3.63% against the same period last year of which prices of restaurants and services increased by 4.2%; housing, electricity, fuel, and building materials up 4.4%; education up 10.75%; medicines and health care service up 3.92%. 

In October, gold price experienced a month-on-month decline of 0.45% and a year-on-year increase of 20.87%. 

USD price was stable in comparison with last month but saw a year-on-year decline of 0.51%. 

In the first ten months, gold and USD prices increased 6.59% and 1.35%, respectively./. 

By Kim Anh