The May consumer price index (CPI) for Hanoi remained relatively unchanged (down by 0.07 percent) from the previous month. Analysts at the Municipal Statistics Office attribute the slight decrease to weak demand.
Hanoi Department of Industry and Trade in turn said the price of rice in the market is slightly lower due to an abundance of supply while demand is stable. However, lower export demand is influenced by international prices.
Gold prices have continued to drop (by 1.4 percent) from the previous month in line with the world price decline in gold while the price of US dollar remained stable.
Two groups, telecommunications and drugs and medical devices, posted a slight decreased of 0.1 percent.
In contrast, foodstuffs and dining-out services rose 0.71 percent against April.
The Mekong River Delta produced a high yield from the winter-spring crop, becoming a good supply of food for HCM City that makes food prices stable.
The prices in the basket of goods in culture, sports and entertainment rose slightly 0.15 percent.
Gold prices continued to fall by 0.61 percent, consistent with the decline in Hanoi and the price of US dollar saw a light rise of 0.03 percent from a month earlier. SBV vows to ensure safety for foreign banks’ operations
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