CPI falls for the first time in 38 months

VGP – June’s consumer price index decreased by 0.26% against May, marking the first fall after 38 months of constant rises, according the General Statistics Office.

June 24, 2012 2:47 PM GMT+7

The CPI fall was attributed to the decrease of prices of five goods categories, especially restaurant services which account for 40% of the CPI market basket.

The group of housing and construction materials also experienced a sharp decrease of 1.21% in June.

The CPI market basket in Vietnam currently contains 11 items: food, restaurant services, beverages, textiles, medical services, transportation, post and communications, educational services, electricity and construction materials.

By Ngoc Van