Vietnam’s Consumer Price Index Rises by 0.18%

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Sept. 23 – According to Vietnam’s General Statistics Office, the consumer price index for September rose by only 0.18 percent.

It is the lowest monthly gain since the start of the year.

The CPI increases registered in seven out of ten essential commodity groups, with cultural, sports and entertainment services having the highest price hike of 1.45 percent, along with educational services with 1.4 percent.

CPI increases for housing and construction materials and transportation and postal services last August decreased by 0.63 percent and 0.48 percent.

In September, gold prices dropped by 6.36 percent while the U.S. dollar fell by 0.75 percent.

Nguyen Duc Thang, Deputy Director of the GSO’s Trade, Services and Price Department, told the Vietnam News Agency that the low September CPI was caused by decreases in rice and oil prices.