The Consumer Price Index (CPI) saw a month-on-month decline of 0.07 percent and a year-on-year surge of 0.61 percent, according to the General Statistics Office (GSO).
The GSO reported that this was the first time in ten years CPI declined in August in comparison with the previous month.
In the January-August period, CPI went by 0.83 percent against the same period last year.
Out of 11 groups of commodities, seven saw rising prices including restaurants and food services; beverage and tobacco; garments, textiles, hats, footwear; household utensils; medicines and medical services; education; culture, entertainment and tourism.
Four groups of commodities witnessed declining costs, including transport, housing and building materials, telecom and services.
The GSO attributed the declining CPI to petrol price cuts on July 20 and August 4 which led to lower transport prices by 2.12 percent.
Especially, thanks to less heat waves, electricity cost fell by 0.32 percent month-on-month. In addition, prices of building materials also saw a light decrease of 0.01 percent in rainy season.
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