Saturday, September 21, 2019 3:04:19 AM - Markets open
VN-INDEX 990.36 -6.74/-0.68%
HNX-INDEX 104.14 +0.10/+0.10%
UPCOM-INDEX 56.97 +0.27/+0.48%
Four-month CPI lowest in three years: GSO
VietnamPlus - 4/29/2019 5:30:36 PM
 (0 ratings. You must sign in to rate.)
Vietnam recorded a year-on-year rise of 2.71 percent in the consumer price index (CPI) between January and April of 2019, a three-year low in the period.
 
The General Statistics Office (GSO) announced on April 29 that the CPI in April grew 0.31 percent from the previous month, 1 percent from December 2018, and 2.93 percent from a year earlier.
 
Month-on-month increases were recorded in nine of the 11 main groups of consumer goods and services, namely transport (4.29 percent); housing fees and construction materials (0.6 percent); household equipment and utensils (0.11 percent); culture, entertainment and tourism (0.1 percent); beverage and cigarette (0.08 percent); garment, headwear and footwear (0.06 percent); education (0.05 percent); medicine and healthcare services (0.01 percent); and other goods and services (0.15 percent).
 
On contrast, prices of food and food services fell 0.57 percent and those of postal and telecom services declined 0.07 percent.
 
Director of the GSO’s Price Statistics Department Do Thi Ngoc said the price hikes on April 2 and 17 pulled petrol prices this month up by 9.88 percent from March. 
 
Prices of train tickets were also raised by 2.76 percent due to the surged travel demand during the two national holidays in the middle and end of April, contributing to the overall growth of 4.29 percent in transport prices.
 
Additionally, electricity prices increased by 1.85 percent from last month under the impact of the Ministry of Industry and Trade’s price hike decision in late March.
 
Meanwhile, some factors helped to curb the CPI uptrend, Ngoc said, noting that pork prices dropped 3.07 percent as a result of the spread of the African swine fever. Sugar prices decreased 0.67 percent because of lower prices in the global market and weaker demand amid abundant supply. Abundant supply also led to lower fruit and vegetable prices.
 
In April, domestic gold prices fluctuated in line with global prices, falling 0.5 percent month on month to 36.7 million VND per tael of SJC gold.
 
The price of the US dollar also declined 0.02 percent, the GSO said, adding that the USD/VND exchange rate this month was relatively stable, about 23,350 VND per USD on average.
 
The GSO said the core inflation – which is the CPI excluding food items, energy products, and state-managed healthcare and educational services – in April increased 0.09 percent against March and 1.88 percent year on year. 
 
It rose 1.84 percent in the first four months compared to the same period of 2018.-VNA
 
Read original article here
Newer News
20/09 Crude import tax zeroed in November
17/09 Despite US exports rise, VN is urged to tighten origin rules to avoid investigations
15/09 VN, Cuba seek to expand investment, trade ties
10/09 Footwear, handbag exports reel in nearly 14.5 bln USD in eight months
06/09 Việt Nam faces difficulties in rice exports
04/09 Campaign collects businesses’ recommendations for economic policies
03/09 EU enhances inspections on Vietnam’s agricultural products from Sept 1
03/09 Vietnam’s export turnover up 7.3 percent in eight months
02/09 Revised Law on Enterprises to add household business regulations
31/08 CPTPP promises stronger ties with Singapore, Malaysia: workshop
Older News
27/04 US raises anti-dumping tariffs on Vietnamese tra fish
26/04 FDI reaches record level in four months
26/04 Wellness tourism on the rise in Việt Nam
25/04 CPTPP smooths path to Canadian market for Vietnamese goods
24/04 Global economic integration helps Vietnam expand agri-products markets
23/04 Agro-forestry-fishery exports fetch 12.4 billion USD in four months
22/04 HCM City’s industrial production index hits five-year high
21/04 Fuel price hikes create pressure but CPI under control
18/04 Petrol prices continue to scale up in latest review
17/04 EU remains top market of Vietnamese shrimp
 
Newsletter Signup
Top Stories
Crude import tax zeroed in November
VN central bank makes first key rate cut since 2017
Total UPCoM firms reach 850 in August
ACV: Gov't should buy back shares from ACV's foreign shareholders: MoT
EU enhances inspections on Vietnam’s agricultural products from Sept 1
Market Update
Last updated at 3:10:00 PM
VN-INDEX 990.36 -6.74/-0.68%
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.