HCM City’s January CPI edges up 0.44 per cent

January 22, 2013 | 09:37
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Ho Chi Minh City ’s consumer price index (CPI) in January edged up only 0.44 per cent against the previous month, a fairly low rate given that the Lunar New Year is drawing near.

According to the municipal Statistics Office, eight out of 10 commodity groups measured registered a hike in prices.

The highest price rise of 1.43 per cent was recorded in food. Prices of foodstuffs and restaurant services went up 0.17 per cent and 0.09 per cent, respectively.

Meanwhile, prices of transport, post and telecommunications and other services dropped compared to last month.

In December, 2012, the city’s CPI leaped 0.17 per cent month on month.

Seen as the country’s largest economic hub, HCM City is aiming for a yearly CPI increase lower than the country’s proposed 8 percent rate in 2013.

For the year, the city has set targets of a 9.5-10 per cent GDP growth rate and a GDP per capita of $4,000.

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