The Consumer Price Index (CPI) in Ho Chi Minh City increased by 0.5 percent on a monthly basis in February, the municipal Statistics Office said on February 28.
The CPI in Ho Chi Minh City increased by 0.5 percent on a monthly basis in February (Photo: VNA)
HCM City (VNA) – The Consumer Price Index (CPI) in Ho ChiMinh City increased by 0.5 percent on a monthly basis in February, themunicipal Statistics Office said on February 28.
Compared to the same period last year, the February CPI has grown 5.79percent.
Among 11 categories in the commodity basket, nine saw price increasesfrom January. The biggest increase (0.97 percent) was seen in the group ofcultural, entertainment and tourism products, followed by transport with a 0.61percent rise. The price index of the group of housing, electricity, water, fueland construction materials went up by 0.57 percent.
Meanwhile, post and telecom prices were down by 0.16 percent, andeducation goods stayed stable in the month.
In the same period, gold prices in the city gained 1.42 percent, and thatof US dollar dropped by 0.54 percent from January.
The national CPI in February also went up 0.23 percent month-on-monthand 5.02 percent year-on-year.-VNA
GSO General Director Nguyen Bich Lam said 2016 was a successful year in controlling inflation amidst rebounding prices of some essential goods, as the CPI in December increased by 4.74 percent from a year earlier, lower than the 5 percent target set by the National Assembly.
The Department of Price Management will seek to improve market analysis and forecast in order to control inflation at 4 percent, as set by the National Assembly for 2017.
The total revenue from retail trade and services saw a year-on-year rise of 10 percent, to 15 billion USD in January, according to the General Statistics Office (GSO).
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The CPI in Ho Chi Minh City increased by 0.5 percent on a monthly basis in February (Photo: VNA) 
