CPI in October shows three-year high rise

October 30, 2019 | 09:06

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The Consumer Price Index (CPI) in October picked up 0.59 percent from September, the biggest increase for the same month during the past three years, the General Statistics Office (GSO) announced on October 29.

cpi in october shows three year high rise

The CPI rose 0.59 percent in October, the biggest increase for the same month during the past three years. Illustrative image (Photo: VNA)

The GSO said the high increase is attributable to declining supply of pork due to the African swine fever disease, rising world petrol price, and upward adjustment of education fees.

The average CPI for the first 10 months of the year went up 2.48 percent on a yearly basis, the lowest increase for the period in the recent three years.

Among the 11 groups of commodities and services in the price basket, 10 groups posted increases, with the highest rise of 1.04 percent seen in restaurants and catering services prices. Transport prices rose 0.99 percent, housing and construction materials 0.53 percent, and education 0.19 percent.

Only the prices of post and telecommunication declined, by 0.06 percent.

According to Do Thi Ngoc, director of the GSO’s Pricing Statistics, besides the factors that pushed up the CPI, the decreases in the prices of live poultry and eggs, fruits, and train tickets helped curbed the CPI.

The core CPI in October (excluding foodstuff, fresh food, energy and State-controlled commodities which are health care and educational services) grew 0.15 percent month-on-month and 1.99 percent year-on-year. The average core CPI for the January-October period rose 1.92 percent from the same period last year.

VNA

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