HCM City’s CPI up 0.23% in July

Out of 11 groups of products and services, seven experienced increases, with the most notable rise in the other goods and services category, meanwhile beverages and tobacco saw the strongest decline.

The office noted that in the reviewed month, food and dining services rose by 0.11%, contributing 0.03 percentage point to the overall CPI.

The transport group increased by 1.60%, contributing 0.15 percentage point to the overall CPI, primarily due to a 3.81% rise in gasoline prices following three price adjustments in July.

In contrast, the group of housing, electricity, water, fuels and building materials decreased by 0.10%, mainly thanks to a 0.68% drop in water prices and a 1.39% decrease in electricity prices.

Items that experienced price declines include transport vehicles, which fell by 0.44% due to adjustments in car prices, and spare parts. Culture, entertainment, and tourism group saw a 0.06% reduction.

The average CPI in the first seven months of this year rose by 3.29%, with 10 out of the 11 categories seeing price increases. The highest rise was seen in the group of medicines and healthcare services, at 7.78%, followed by education with 7.48%.

Prices of gold in July dropped 5.38% compared to June but escalated 15.1% year on year.

The US dollar fell by 0.01% month-on-month and increased by 7.02% year-on-year against the Vietnamese dong.