Inflation rates surge in major cities
22/08/2012
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Meanwhile, Ho Chi Minh City saw a month-on-month increase of 0.66% and a year-on-year surge of 2.14%, reported the HCM City Statistics Office.
Among 11 commodities that are used to calculate the CPI, prices of most of them rose against last month in both cities. Ha Noi saw a price hike for 10 commodities while the figure in HCM City was nine.
In Ha Noi, the biggest price hike was seen in housing and building materials which jumped 2.89%, followed by transportation services at 1.1%. Month-on-month price increases ranging from 0.33% to 0.65% were seen on garment, footwear, beverages and cigarettes, household goods and utensils, medicine and healthcare services.
In HCM City, the highest price rise of 3.56% was reported for the item of culture-sport-entertainment. Transportation service was followed with a hike of 1.17%.
Ha Noi suffered a trade deficit of up to US$8.82 billion while HCM City gained a trade surplus of $1.58 billion in the first eight months of the year./.
By Khanh Phuong
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