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Economy

Vietnam’s consumer prices up 4.07% in Jan-July

Xuan Thinh Wednesday | 07/29/2020 09:41

July CPI falls 0.19% from last December, lowest since 2016. Photo: hiephoixangdau.org

The consumer price index expanded 4.07% year-on-year in the first six months of 2020, according to the General Statistics Office.

The country’s CPI in July saw an increase of 0.4% against the previous month, mainly due to the price hikes of petroleum products, electricity, tap water. The rate, however, declined by 0.19% versus last December, which is the lowest in the 2016 – 2020 period.

Nine out of 11 commodity groups, which are items of the basket for CPI calculation, witnessed month-on-month hikes in prices. Among them, transportation posted the sharpest increase with 3.91% due to the hike of fuel prices.

Vietnam’s CPI in July increased 3.39% year-on-year.

According to the GSO, core inflation in the first seven months of 2020 rose by 2.74% year-on-year.

The government aims to control inflation at 4% this year, the same as in 2019.

► Vietnam’s Jan.-Jul. pledged FDI drops 6.9% to $18.82bln

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