February CPI falls by 0.17 percent The February consumer price index (CPI) slipped 0.17 percent from the previous month due to falling demand for goods after Lunar New Year (Tet) holiday, falling petrol prices, and the coronavirus disease 2019 (COVID-19) outbreak, according to the General Statistics Office (GSO). Among 11 groups of products and services in the CPI basket, a decline was recorded in six groups: transport service (2.5 percent); culture, entertainment and tourism (0.43 percent); beverage and tobacco (0.28 percent); garment, head wear and footwear (0.13 percent); housing and building material (0.03 percent); and post and telecommunication services (0.05 percent). Five groups with higher prices were restaurant and catering service (0.26 percent); other commodities and services (0.17 percent); medicine and medical services (0.13 percent); household appliances (0.08 percent); and education (0.04 percent). Head of the GSO’s Price Statistics Department Do Thi Ngoc said that falling demands for goods after Tet made the prices of garment and textile, footwear, headwear, beverages and tobacco decrease. She also said the decline in travel and festival activities due to the COVID-19 outbreak was behind the fall in prices of tourism, hotel and entertainment services. In addition, prices of fresh and processed fruits dropped… Read full this story
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