Wednesday, May 22, 2024 3:33:56 PM - Markets open
VN-INDEX 1,266.91 -10.23/-0.80%
HNX-INDEX 245.15 +1.86/+0.76%
UPCOM-INDEX 94.70 +0.25/+0.26%
National CPI up 0.45% in July
Vietnam News - 8/1/2023 4:26:22 PM
 (0 ratings. You must sign in to rate.)
The national consumer price index (CPI) in July grew by 0.45 per cent month-on-month, fueled by higher prices of food, foodstuff and electricity, the General Statistics Office (GSO) said on last week.
 
This figure represents an increase of 2.06 per cent compared to the same period last year. The July core inflation increased 0.36 per cent from last month and 4.11 per cent from the same period last year.
 
Among the 11 groups of goods and services used to calculate the CPI, ten had higher prices than in the previous month, with the group of other goods and services reporting the highest rise of 2.84 per cent.
 
Housing and construction materials rose by 0.51 per cent month on month while transportation went up 0.11 per cent. Post and telecommunications is the only group with prices dropping in the month, falling 0.12 per cent.
 
The average CPI in the first seven months of 2023 rose by 3.12 per cent against last year’s corresponding period while core inflation was up by 4.65 per cent.
 
The GSO attributed the seven-month CPI hike to the prices of educational services which increased by 7.61 per cent compared to the same period last year because some localities have increased school fees from September 2022 after exempting or reducing the fees in the 2021-22 academic year.
 
Another contributor to the CPI hike was the prices of housing and construction materials which went up 6.58 per cent year-on-year due to the increase in cement, iron, steel and sand prices in line with the price of input materials and high housing rents. The group of other goods and services rose by 3.71 per cent over the same period last year, mainly because health insurance services increased following a hike in basic salary from July 2023.
 
The prices of culture, entertainment and tourism groups up by 3.45 per cent as the COVID-19 pandemic was put under control resulting in an increase in people's demand for entertainment and tourism.
 
In August, the gold price index fell by 0.03 per cent against the previous month, while the US dollar index rose 0.53 per cent. — VNS
 
Read original article here
Newer News
13/05 Việt Nam's wood industry strives to match sustainable wood demands
13/05 Việt Nam's data centre sector is attractive to foreign investors
13/05 Businesses and people expect VAT cut extension to be approved
13/05 VN ranks second in the world in cryptocurrency ownership rankings
08/05 Enterprises urge petrol price stabilisation fund to be abolished
06/05 Việt Nam leads in export rice prices globally
02/05 CPI in April inches up 0.07%
02/05 Trade surplus hits $8.4 billion in four months: GSO
02/05 Foreign investment disbursement hits record high in the first four months
02/05 Difficulties faced in negotiations of power purchase agreements: EVN
Older News
25/07 UK to recognise Việt Nam as market economy
24/07 Steel producers await positive results in H2
21/07 Vietnamese export rice price sets new record
21/07 Việt Nam-US trade outlook positive in the second half of 2023
10/07 HCM City to create business-friendly environment to attract foreign investment
10/07 Ministry reduces import taxes on gasoline and oil
05/07 PMI recovers slightly, but still below threshold of 50 points
05/07 Agricultural, forestry and fishery exports reach nearly $25 billion in H1
05/07 Việt Nam remains Philippines’ largest rice supplier
29/06 Number of new businesses hits record high in June
 
Newsletter Signup
Top Stories
VN adds over 110,000 new securities accounts in April, bringing total to 7.7 million
Cautious rise amid low supply and cash flow, investors advised to monitor resistance area
Interest rates to rise but not have major impact on stock market: economist
Businesses concerned about rising exchange rate pressure
Gold bar auction to be resumed after 11 years of suspension
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,266.91 -10.23/-0.80%
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.