CPI Jumps 2.21 Pct in May

The consumer price index (CPI) in May rose 2.21 percent against last month and 12 percent since December 2010, according to the General Statistics Office (GSO).

This was thanks to the government’s efforts to control inflation.

 

Of the 11 consumption categories, only post and telecom services saw a 1.68- percent reduction while other categories increased by between 0.25-3.19 percent.

Price hikes were seen in housing and construction materials with an increase of 3.19 percent, followed by food and restaurant services with 3.01 percent. Transport jumped 2.67 percent and commodities, other services by 2.06 percent, education increased slightly by 0.25 percent.

 

Price hikes in essential goods were attributed to the high costs of gas, cement and kerosene which increased by more than 5 percent in May.