Traders at Phung Khoan traditional market in Ha Noi. — VNA/VNS Photo Vu Sinh Viet Nam's consumer price index (CPI) in February was up 1.52 per cent over the previous month and 0.7 per cent year on year, according to the General Statistics Office (GSO). This is the highest February CPI growth recorded in the last eight years. However, the index in the first two months decreased 0.14 per cent year-on-year. Compared to the previous month, an upturn was seen in the prices of ten out of 11 main groups of goods and services, with housing and construction materials taking the lead (4 per cent). It was followed by food and catering services (1.61 per cent); transport (1.55 per cent); drinking and tobacco (0.9 per cent); garment and textile, headwear and footwear (0.25 per cent). The price of education services remained stable compared to the previous month. The GSO's Price Statistics Department explained that the CPI in February saw a strong rise due to the higher demand for food and foodstuffs for the Lunar New Year (Tet) festival. The prices of medicine and medical supplies in January-February increased by 0.88 per cent compared to the same period last year, the… Read full this story
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