Sunday, May 22, 2022 12:05:56 PM - Markets open
VN-INDEX 1,240.71 -0.93/-0.07%
HNX-INDEX 307.02 -1.00/-0.32%
UPCOM-INDEX 94.11 -0.47/-0.50%
CPI in October down 0.2 percent, may surge in remaining months: GSO
VietNamPlus - 10/29/2021 1:12:30 PM
 (0 ratings. You must sign in to rate.)
The Consumer Price Index (CPI) in October was down by 0.2 percent compared to September but rose by 1.81 percent compared to the same period last year, according to the General Statistics Office (GSO).
 
The CPI in the two remaining months of the year may surge as factors driving the figure down during social distancing will no longer have any impacts.
 
In October, food and catering services decreased by 1.28 percent from the previous month largely owing to drops of 0.25 percent and 9.38 percent in the prices of rice and pork, respectively, thanks to abundant supplies.
 
Housing and construction materials fell by 0.26 percent, due to a cut in housing rental rates to support people at the time when social distancing order remained in place to stamp out the spread of COVID-19.
 
Electricity prices were also reduced because the arrival of autumn affected demand for power and water compared to the previous month. Post and telecommunications inched down 0.04 percent.
 
Among eight groups of commodities and services experiencing rising prices last month, transport witnessed the highest month-on-month increase of 2.51 percent attributed to the fuel price hike.
 
Education inched up 0.25 percent against September.
 
The GSO also pointed out that core inflation in October saw a month-on-month decline of 0.17 percent but a year-on-year rise of 0.5 percent. In the first 10 months, the figure increased 0.84 percent compared to the same period last year, reflecting price movements driven by the hikes of food, petrol and oil and gas prices.
 
Core inflation in October and the first 10 months of 2021 compared to the previous year stood at the lowest level since 2011.
 
As November-December will be a time to focus on production, travel and procurement serving for major holidays, CPI in tourism services and entertainment is projected to see growth./.
 
VNA
 
Read original article here
 
Newer News
20/05 MoIT stops anti-dumping duties on galvanised steel from South Korea and China
18/05 PM urges US businesses to invest in tourism and trade in Vietnam
16/05 Keeping CPI below 4 pct this year a challenge: Economist
11/05 FDI – bright spot of Việt Nam’s economy amid COVID-19
11/05 Policies needed to support steel industry development
05/05 Gov’t determined to speed up public investment disbursement
05/05 Vietnamese economy to recover fast this year: UNDP representative
04/05 Mixed profit targets for rubber businesses despite price hikes
29/04 Vietnam draws over 10.8 billion USD of FDI in four months
29/04 Vietnam’s economic recovery even stronger in Q2: Hong Kong news outlet
Older News
27/10 Petrol prices soar by over 1,400 VND per litre
23/10 Steel producers report strong growth in profits despite COVID-19
21/10 Steel exports surge 78.1 percent in nine months
21/10 Vietnamese rice exporters see great opportunities
18/10 Vietnam to join world's top five seafood processing countries by 2030
15/10 More than $10 billion per year to develop the power sources and grid in the 2021-2030 period
14/10 Vietnam likely to achieve rice export target this year
13/10 Tax cut proposed to stabilise domestic petrol price
12/10 FDI inflow into Vietnam still on upturn trend
08/10 Vietnam works towards responsible, sustainable fishery sector
 
Newsletter Signup
Top Stories
Why the stock market sell-off when VN’s economy is strong?
Shareholders concerned about bank stocks
HoSE to provide odd-lot trading starting from June
SSC prioritises stabilising solutions for stock market
Market expected to inch higher this week
Market Update
Last updated at 3:05:03 PM
VN-INDEX 1,240.71 -0.93/-0.07%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.