HANOI, Jan 31 (Vietnam News/ANN): The Consumer Price Index (CPI) in January recorded a 1.94 percent year-on-year rise and rose 0.19 percent from the previous month, according to the General Statistical Office (GSO) of Vietnam announced.
It was also the last month of the lunar year, with the prices of basic necessities and consumer services trending upward ahead of Tet (Lunar New Year), the people’s biggest and longest holiday. Vietnamese.
Additionally, gasoline price increases in tandem with global fuel prices attributed to the increase.
Among seven groups of commodities and services whose prices rose last month, transportation recorded the largest year-on-year increase of 14.55%.
Housing and building materials rose 3.51% due to higher prices for home repair materials; beverages and tobacco increased by 2.75%.
Prices of textile products, footwear and clothing; household appliances and equipment; medicine and health services saw marginal increases.
Meanwhile, education registered a 3.78 percent drop from the same period last year as school fees were waived or reduced in some centrally run localities. Posts and telecommunications decreased by 0.65%.
food and catering services; and culture, entertainment and tourism services declined by 0.14% and 0.11%, respectively.
Core inflation in January rose 0.26% from the previous month and 0.66% from a year ago, the GSO said. —- Vietnam News/ANN