Hanoi CPI climbs 2.08 per cent on-year in November

December 02, 2024 | 09:00

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Hanoi's consumer price index (CPI) decreased by 0.05 per cent in November from the previous month, but rose 2.08 per cent from the same period last year, according to the city's Statistics Office.

CPI is a common gauge of inflation and measures price changes over time for a basket of goods and services. The basket of goods is a collection of items that represent consumer spending patterns.

In November, six of the 11 categories of goods and services saw price hikes. Prices of housing, electricity, water, fuel, and construction materials group were up by 1.12 per cent, increasing the CPI by 0.23 per cent from the previous month. The prices of garments, headwear, and footwear increased 0.33 per cent, adding 0.02 per cent.

Other commodities that experienced a slight increase include beverages and cigarettes (0.24 per cent), medicine and health services (0.05 per cent), equipment and household application (0.03 per cent), and other goods and services (0.23 per cent).

Educational services maintained the same level compared to the previous month.

Between January and November, Hanoi's CPI increased 4.37 per cent compared to the same period in 2023. Of which, 10 of the 11 categories of goods and services saw price hikes.

The price of educational services reported an increase of 18.04 per cent, causing CPI to rise 1.43 per cent. Prices of housing, electricity, water, fuel, and construction materials increased by 6.07 per cent, forcing CPI up by 1.23 per cent due to a 26.73 per cent hike for clean water. The price of power rose 7.71 per cent and house rental prices climbed 8.32 per cent.

The gold price index climbed 3.26 per cent on-month and 45.7 per cent compared to November 2023.

Vietnam’s economic performance in the first 8 months of 2023

Vietnam’s average CPI increased by 3.1 per cent in the first eight months of 2023, while foreign investment rose 8.2 per cent and foreign visitors grew 5.4-fold.

Vietnam’s economic performance in January 2024

The consumer price index (CPI) increased 3.37 per cent in the opening month of 2024, foreign direct investment 40.2 per cent, international arrivals 73.6 per cent, and the Index of Industrial Production (IIP) 18.3 per cent.

Hanoi's CPI in H1 rises by over 5 per cent

The Consumer Price Index (CPI) in Hanoi increased by over 5 per cent in the first six months of the year compared to the same period in 2023.

Hanoi’s consumer price index up 5.51 pc in seven months

Hanoi’s Consumer Price Index (CPI) in the January – July period rose 5.51 per cent from the same time last year, according to the city’s statistics office.

By Ho Ha

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