Saturday, September 23, 2017 5:26:30 AM - Markets closed
VN-INDEX 807.13 +3.20/+0.40%
HNX-INDEX 106.52 +0.77/+0.72%
UPCOM-INDEX 54.55 +0.06/+0.11%
CPI ups 0.46% in January
Source: VNA - 2/3/2017 9:33:04 AM
 (0 ratings. You must sign in to rate.)
The consumer price index (CPI) in January rose 0.46 % over December, 2016 and 5.22 % compared to the same month last year, according to the General Statistics Office (GSO).

The prices of nine out of the 11 goods groups used for calculation increased, with the highest rise recorded in transportation, at 3.21 %.

The price of pharmaceuticals and healthcare service was up 1.01 %, while that of housing and construction materials increased 0.57 %, goods and other services, up 0.48 %, and education, up 0.47 %.

Meanwhile, a downturn was seen in food and catering service and post and telecommunications with 0.24 % and 0.15 %, respectively.

Do Thi Ngoc, deputy head of the Department for Price Statistics under the GSO, said that high demand for goods at the end of the lunar year pushed the prices of food, beverage, and clothes up.

She also attributed the increase in the food price to high demand before the Lunar New Year festival and the extended rice trade deal between Vietnam and the Philippines.

Rising healthcare service price in a number of Ho Chi Minh City’s districts was the reason behind the rise of the service price, she explained.

She added that a number of centrally-run cities also raised tuition in line with the Government’s Decree 86/2015/ND-CP, leading to a rise in the education service.

Three rises in the fuel price during December 2016 and January 2017, along with the high travelling demand during the month also caused the public transportation price to rise 1.05 %, said Ngoc.

However, factors contributing to curbing the CPI in January include a 2.2 % decline in the pork price and a 4.68 % decrease in the vegetable price due to abundant supply, she said, adding that electronic products and telephone prices also went down.

In January, domestic gold price decreased due to a downturn in world price, while the exchange rate was stable at about 22,900 VND/1 USD.

The GSO reported that core inflation (CPI excluding food, fresh foodstuff, energy and State-owned products such as healthcare services and education) in the month rose 0.28 % over the previous month and 1.88 % year on year, which reflected the stability of the monetary policy.

The GSO also forecast that February’s CPI will continue rising as the prices of food, foodstuff, entertainment, and catering services go up during the festive first lunar month.
Newer News
26/04 Gov’t aims for public debt below 65% of GDP
25/04 Corporate governance ignored in VN
21/04 Wood exports surge 17.1% in Q1
21/04 Petroleum prices increased by VNĐ350 per litre
20/04 SCIC targets 7.34 trillion VND in post-tax profit in 2017
20/04 Petrolimex’s foreign ownership cap at 20%
20/04 VN needs national branding: experts
19/04 Wood industry urged to develop more linkages
18/04 Steel industry to grow, export pressures high
14/04 SCIC plans to sell State capital in 137 firms
Older News
02/02 January 2017 FDI higher year-on-year
02/02 January records trade deficit
02/02 Total drops deal to buy Petronas’ Vietnam LPG operations
02/02 Vietnam maps out marine use plan
02/02 Vietnamese to be permitted to gamble in casinos
02/02 VnSteel aims to increase revenue by VND800 billion
02/02 Two waves of European investment to hit Việt Nam: expert
02/02 MOIT works to boost auto industry localization in 2017
25/01 Tra fish exports could be hurt by false news: VASEP
25/01 Vinacomin targets 5.5-6 percent growth in revenue
Newsletter Signup
Top Stories
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Draft decree on State monopoly in trade submitted to Government
CPI ups 0.46% in January
Market Update
Last updated at 3:01:08 PM
VN-INDEX 807.13 +3.20/+0.40%
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...
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.