Vietnam Sees Jan-Oct CPI Jump by 23.15 per cent On Year

Consumer price index of Vietnam is estimated to have increased 23.15 per cent on year between Jan and Oct this year and dropped by 0.19 per cent on month in Oct, thanks to gasoline prices cuts by the government of Vietnam, the government-run General Statistics Office said on October 27.

 

Between Jan and Oct, prices of food, foodstuff and related services which account for 42.85 per cent of the basket of goods for CPI calculation jumped by 36.95 per cent from a year ago, but were down 0.42 per cent on month for the first time, GSO showed.

 

In Jan-Oct, prices of food and foodstuff are estimated to have soared 49.58 per cent and 33.05 per cent, respectively, on year. In Oct, prices of food have dropped by 1.91 per cent on month, but still up 60.06 per cent on year, meanwhile, prices of foodstuff eased at 01 per cent on month, but 32.82 per cent on year, GSO said.

 

In Oct, housing and construction materials deflated by 1.08 per cent on month, but up 22.84 per cent on year. Costs of transport and communication services also slid 0.94 per cent on month, but up 24.82 per cent on year, GSO added.

Beverage, cigarettes, garment, footwear, domestic appliances, pharmaceutical, educational products soared 4 per cent to 7 per cent, GSO said.

 

In the first ten months, prices of gold soared 37.43 per cent on year and U.S. dollar appreciated 1.71 per cent.

 

Following is the breakdown of each group:

 

	Index in Oct 2008 compared with (%)				Index of Jan-Oct 08 vs 07
	Base year 05	Oct-07	Dec-07	Sept-08
Consumer price index	148.20	126.72	121.64	99.81	123.15
Food and foodstuff	172.14	140.56	132.12	99.58	136.95
Of which: -Food	201.99	160.06	151.41	98.09	149.58
-Foodstuff	161.16	132.82	124.44	100.01	133.05
Beverage and cigarette	128.32	113.27	111.34	100.67	110.21
Garment, footwear, hat	126.05	112.55	110.82	100.70	109.81
Housing and construction materials	148.40	122.84	116.76	98.92	122.39
Household appliances and goods	125.94	111.99	111.26	100.73	108.36
Medical products and health care	123.00	109.76	108.75	100.58	108.72
Means of transport & communication	138.44	124.82	119.56	99.06	116.66
Of which: Postal services & telecoms	83.46	89.21	90.39	99.82	88.44
Education	115.02	106.71	106.56	100.69	103.63
Culture, sport and entertainment	115.74	109.50	109.30	100.38	105.03
Other consumer goods and services	132.35	114.65	111.69	100.85	113.11

(GSO Oct 2008)