Hanoi CPI hits 10-year record low in February

February 22, 2014 | 10:22

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Hanoi’s consumer price index (CPI) rose just 0.49% in February against the previous month– a record low during the past 10 years, according to the municipal Statistics Office.

People shopping at a supermarket in Hanoi

The low CPI indicates people’s purchasing power has not picked up yet after the recent nine-day long lunar New Year holiday.

Apart from food, other products showed an average price hike of less than 0.6%; and housing, electricity and water supplies, and building materials even saw price reductions compared to January.

A fall in the price of gas prompted the prices of housing, electricity and water supplies, and building materials to nosedive 0.5% over the previous month.

Healthcare, education and telecommunications services did not experience any price hike.

On the contrary, food and food catering services increased 1.06%, with food up 0.83%, foodstuff up 1.03% and eating out up 1.23%.

In February, gold prices soared 2.64% while USD prices dropped 0.01% compared to January.

VOV

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