HCM City’s CPI continues downward trend in April

The consumer price index (CPI) of Ho Chi Minh City in April fell by 0.04 percent against the previous month, according to the municipal statistics office.

(Photo: VNA)
(Photo: VNA)

Prices of five out of 11 baskets of commodities and services were down, with the biggest drop (1.24 percent) seen in baskets of housing, electricity, water and fuel.

Other commodities also experiencing the same trend were garments-textiles, headwear and footwear (down 0.04 percent); post-telecom services (0.4 percent); cultural and entertainment services (0.2 percent), and other goods and services (0.14 percent).

Meanwhile, price hikes were recorded in four baskets, namely foodstuffs and dining-out services (up 0.22 percent); beverages and tobacco (0.1 percent); household utensils (0.25 percent); and travelling and postal services (0.29 percent).

The costs of medicines-medical and educational services remained unchanged in April.

In April, the southern hub’s CPI rose 4.49 percent compared to the same period last year.

The practice of austerity by consumers is considered as one of the main reasons for the CPI drop

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