(13th Congress) - The consumer price index (CPI) in October 2020 has the same increase of 0.09% from the previous month, the lowest level in the 2016-2020 period, according to the General Statistics Office.
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./.
BTA