Vietnam Stock Market

CPI Up 0.23% in August Led by Education, Food

On aggregate, the CPI was up 8.18% over the same period last year and 8.61% in comparison with the first eight months of last year. Most commodities groups rose slightly, ranging from a low of 0.1 to a high of 0.6%. Education saw the highest increase of 1.29%, while the only decrease was experienced by post and telecoms at 4.55%.

The Consumer Price Index in August increased slightly by 0.23% over last month, the General Statistics Offic announced yesterday.

The second highest increase was in food stuff and restaurant services, which increased by 0.67% and 0.1% in comparison with last month. Housing and construction materials prices were up only 0.07%.

Transport increased slightly by 0.37% despite an increase in fuel prices in the middle of August.

The rise in food and restaurant services groups was attributed to an increase in rice production, for both consumption and export, in southern provinces.

The price of gold was down by 0.88% while the US dollar rose 0.48% over last month.

GSO expert Do Thi Ngoc said the months CPI increase had not been affected by a rise in fuel price or the depreciation of the Vietnamese dong compared to the US dollar. However, she predicted the coming months CPI would be impacted by these factors.

In the first eight months of the year, other commodities also saw a high increase, including gold (37.78 percent), transport (16%), housing and construction materials (roughly 15%), other commodities and services (11.79%) and goods (around 11%).

The capitals CPI increased by 0.15% while HCM Citys decreased by 0.25%. Thai Nguyen, Hai Phong and Thua Thien-Hue rose by 0.06%, 0.12% and 0.17% respectively.

Source: fpts.com.vn

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