HCM city CPI rises 1.61% in Feb 2011

Ho Chi Minh City consumer price index (CPI) is estimated to have increased by 1.61% on-month and 9.22% on-year in February 2011 on demand-push factors on a long Tet holiday

Ho Chi Minh City consumer price index (CPI) is estimated to have increased by 1.61% on-month and 9.22% on-year in February 2011 on demand-push factors on a long Tet holiday, the online newspaper VnExpress reported on February 21, citing the city’s Statistics Office.

Drinks and cigarette saw the highest increase of 3.45%, followed by entertainment and tourism with 2.58%, food and restaurant service with 2.48%, other services with 2%, the the city’s Statistics Office said.

The prices of food including meat, vegetable and fruit, seafood have rose sharply by 3% as the domestic demand surged on the traditional New Year festival.

Higher domestic gold and dollar prices and a 15.28% increase of electricity prices from March 1 has pressured on the city’s price level. – Stoxplus.com

Tags: Vietnam CPI, Vietnam CPI 2011, Vietnam economic, Vietnam economy

Posted by VBN on Feb 21 2011. Filed under Consumer price index, Economy News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry