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Vietnam’s Consumer Price Index Up 0.77 per cent in May
29 | 08 | 2007
Vietnam’s May consumer price index (CPI) is estimated to increase 0.77 per cent from April, and 7.31 per cent over the same period last year, the General Statistics Office (GSO) reported Wednesday.
The CPI climbed 4.32 per cent since the beginning of this year, ignited by recent petroleum price hikes.
 
In May, food and foodstuff, which account for 42.8 per cent of the basket of commodities used in calculating the CPI, registered the highest rise of 1.04 per cent against April.
 
The bustling real estate market pushed up the prices of housing and construction materials. It rose 0.87 per cent from April, becoming the second fastest rising group.
 
Transport and communication prices rose 0.57 per cent, of which telecom services fell 0.03 per cent on month.
 
All other groups saw slight rises, ranging between 0.07 per cent and 0.71 per cent.
 
Following are the details of each group:
 
 
Index in May 2007 compared with ( per cent)
Base year 2005
May 2006
December 2006
April 2007
 
 
 
 
 
 Consumer price index
112.84
107.31
104.32
 
Food and foodstuff
115.83
109.19
105.73
101.04
Of which: -Food
121.52
114.60
105.11
100.62
 -Foodstuff
113.08
107.02
105.80
100.95
Beverage and cigarette
111.72
106.10
103.50
100.22
Garment, footwear, hat
109.83
106.11
103.03
100.48
Housing and construction materials
115.92
110.59
106.82
100.87
Household appliances and goods
110.66
106.52
102.80
100.64
Medical products and health care
107.83
104.33
102.05
100.61
Means of transport and communication
110.45
102.96
102.33
100.57
Of which: Postal services and Telecommunication
95.49
96.84
99.74
99.97
Education
106.59
103.61
100.69
100.07
Culture, sport and entertainment
105.65
102.93
101.45
100.43
Other consumer goods and services
112.82
107.00
103.80
100.71
 
 
 
 
 
Gold price index
154.55
99.02
107.12
102.33
USD price index
101.32
100.00
99.84
100.15
 
The CPI inched up 0.96 per cent in urban areas and 0.62 per cent in rural areas in the month.
 
The Southeastern region saw the highest increase in consumer price of 1.18 per cent on month, followed by the Red River Delta region with the rise of 0.82 per cent.
 
Among provinces and cities, Ho Chi Minh City witnessed the highest CPI growth of 1.58 per cent, followed by Can Tho Province with 1.01 per cent.
 
The gold price is estimated to soar 2.33 per cent on month, but fell 0.98 per cent on year.
 
The price of the US dollar rose softly by 0.15 per cent against the Vietnamese dong from last month, but is unchanged from one year earlier. (GSO May 23, Vietnam Panorama)


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