Food, power price hikes drive Vietnam’s Jan-May CPI up 3.55 percent

The GSO added that the CPI in May edged up a fractional 0.01 percent month on month and increased 2.43 percent against the year-ago figure. Eight out of the 11 consumer goods and service groups in the basket of items used to calculate the CPI witnessed a month-on-month price increase. The hot weather over the past weeks has fueled up power consumption, resulting in power and water prices climbing 2.62 percent and 2.19 percent over the previous month, respectively. The group of other goods and services reported a month-on-month rise of 0.23 percent. Meanwhile, the three groups seeing a month-on-month price fall included education services, post and telecommunications, and public transport services.