Country enjoys lowest CPI rise in 5 years

CPI rises slightly in October

The office reported that the rise in October’s CPI was mainly due to a surge in tuition fees for the 2020-2021 academic year in nine centrally-governed cities and provinces.

In the Jan-Oct period, average CPI increased by 3.71% compared to the same period last year.

Slight price rises were seen in six out of 11 commodity categories used to calculate the CPI, with 1.35% in education, 0.08% in beverage and tobacco, 0.06% in garments-textiles, hats and footwear, and 0.01% in pharmacy and health services.

The biggest price decrease was in culture, entertainment, and tourism (down 0.18%), followed by restaurants and services (down 0.13%), transportation (down 0.08%), and telecommunication (down 0.03%).

Prices of household items remained unchanged.

Gold price dropped by 1.1% against the previous month but rose by 30.91% against September and saw a year-on-year increase of 29.63%.

Meanwhile, USD price grew by 0.7% against September and 1.88% against the same period last year./.

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