Thursday, February 23, 2017 6:30:56 PM - Markets closed
VN-INDEX 716.87 -0.37/-0.05%
HNX-INDEX 86.27 -0.35/-0.41%
UPCOM-INDEX 55.48 +0.15/+0.27%
Nov CPI up 0.48 per cent
Source: VNS - 11/29/2016 12:14:29 PM
 (0 ratings. You must sign in to rate.)
The November Consumer Price Index (CPI) rose by 0.48 per cent over October and by 4.52 per cent year-on-year, driven by price increases in the transportation and food and beverage sectors, according to the General Statistics Office of Vietnam (GSO).

“The rise in November CPI can be attributed to a food sector price rise of 0.72 per cent over October, due to excessive demand during the wedding season. Moreover, vegetable prices also went up as flood damaged crops in central and southern Việt Nam…,” said Đỗ Thị Ngọc, Director General of the GSO’s Price Statistics Department.

Out of the 11 main goods and service sectors, nine experienced an increase, including transportation, 1.63 per cent; medicines and healthcare services, 0.9 per cent; food and beverages 0.49 per cent; housing and construction materials 0.49 per cent;  and textile and apparel 0.24 per cent. Education remained unchanged, and telecommunication was down by 0.02 per cent.

Petrol price increases on October 20 and November 4 with a fall in November averaged as an increase of 3.69 per cent, making the CPI for petrol rise by 0.15 per cent over October.

The increase in cooking gas prices by VNĐ19,000 (US$0.83) per 12 kg cylinder since November 1, because of a $60 per tonne spike in imported gas prices pushed the CPI for LPG (cooking gas) by 6.07 per cent over last month.

Factors that contributed to containing the November CPI included a decline of 0.51 per cent in electricity prices as summer ended, a fall in pork prices in several provinces over disease fears, and a 0.13 per cent fall in tourism sector prices.

According to the GSO, underlying inflation, that is the CPI excluding food and beverages, energy and State-controlled services like healthcare and education, has increased by 0.1 per cent compared to last month and 1.87 per cent, year-on­-year. Underlying inflation rate for the first 11 months of 2016 has increased by 1.82 per cent compared to the same period in 2015, it said.

In November 2016, inflation in general rose higher than underlying inflation, reflecting the movement in prices affected by the market, through increased prices for food and beverage and gas and adjusted prices for healthcare and education services.

The year-on-year increase in underlying inflation rate also means that the current monetary policy is still effective for long-term macroeconomic stability, the GSO said.

Total average CPI for the first 11 months of 2016 has registered a year-on-year increase of 2.47 per cent. The GSO expects the CPI in December 2016 to increase higher than in November due to holiday season demand.
Newer News
14:14 Tax code bogs down VN cement exporters
09:33 India in talks to buy part of VN tungsten mine
22/02 VN refinery predicts profit dip
20/02 Petrol prices increase first time in 2017
16/02 Logistics expected to make up 8-10 percent of Vietnam’s GDP by 2025
16/02 Japanese firms show optimism in Việt Nam
16/02 Steel production, consumption down in January
15/02 Tra Vinh spends nearly 55 billion VND to support SMEs
15/02 Vietnamese tuna loses competitive edge in Japan due to high taxes
14/02 China remains Vietnam’s biggest trade partner
Older News
28/11 Plan B for Vietnam: RCEP instead of TPP
25/11 Vietnam hobbled by weak logistics sector
25/11 Sugarcane prices expected to be stable
24/11 Gov’t aims for stable power tariff
24/11 Small firms in Vietnam lack access to bank credit
24/11 NA retains many business conditions
23/11 Agro-fishery-forestry exports to China rise in first 10 months
23/11 Japanese retailers keen to enter Vietnamese markets
23/11 Industrial production to rise 8% in 2017: MoIT
23/11 Foreign banks express interest in infrastructure projects in HCM City
 
Newsletter Signup
Top Stories
Draft decree on State monopoly in trade submitted to Government
CPI ups 0.46% in January
CPI below 5% target
At 6.21 per cent, country’s GDP below govt target
Nov CPI up 0.48 per cent
Market Update
Last updated at 3:01:10 PM
VN-INDEX 716.87 -0.37/-0.05%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.