September's CPI lowest in 13 months

CPI in months (Source: General Statistics Office)

CPI in September increased 16.63% against December 2010 and 22.42% against September 2010. CPI in the first 9 months of this year rose 18.16% against the same period last year.

The slower growth in CPI in September is partly attributed to the fact that the macro-economy has overcome the most difficult time.

The economy posted steady growth, reaching 5.43% in Q1, 5.71% in Q2, 6.14% in Q3.

The foreign exchange rates were fairly stable, the national foreign reserve increased, export surged, trade deficit decreased, food output reached the record high… Therefore, prices of food and foodstuffs have increased slightly or decreased in recent months.

Nine out of 11 commodity groups recorded increases ranging from 0.28 to 8.62%, of which education service saw the sharpest hike with 8.62%.

Commodities with increases below 1 percent were food services (0.28%), transport (0.24 %), and post and telecommunications (0.07%).

During the month, the gold price soared 13.14 %against last month helping increase pushing the price over the past nine months by 30.48% over December, 2010 and 41.09% year-on-year.

The US dollar experienced a month-on-month rise of 0.8%, pushing up the price over the past nine months by 1.12% compared to the end of 2010 and by 9.67% over the corresponding time last year.

By Ngọc Vân