Average consumer price index in the first quarter increased by 2.82% over the same period


Consumer price index (CPI) in March 2018 decreased by 0.27% over the previous month, of which 8 out of 11 groups of goods and services had a decrease in price index.

Traffic group decreased by 0.77% because import tax of CBU from ASEAN dropped to 0%, causing domestic car selling price to decrease; gasoline and oil prices decreased by 1.3% over the previous month and passenger car and train fares decreased after the Lunar New Year 2018.

Food and catering services decreased by 0.62% (food increased by 0.35%; food decreased by 1.05%) due to lower prices of fresh food items after the Lunar New Year, causing overall CPI to drop by 0 , 23%. Housing and construction materials decreased by 0.28%, mainly because domestic enterprises adjusted gas prices from March 1, 2018.

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The beverage and tobacco group decreased by 0.28%; garment, hats and footwear down 0.17%; culture, entertainment and tourism down 0.09%; post and telecommunications down 0.04%; goods and other services down 0.1%. The remaining groups of goods and services have increased price indexes: Medicines and medical services increased by 1.98% (medical services rose by 2.54%) because there were 9 centrally-affiliated cities and provinces in the month. make adjustments to increase medical service prices for those who do not have health insurance cards (the impact will increase the overall CPI by 0.1%); household equipment and housewares rose 0.02%; education by 0.01% (educational service by 0.01%).

Although the consumer price index in March decreased, the average CPI in the first quarter still increased due to the adjustment in the price of medical services and the increase in tuition fees. Photo: Quy Hoa.

Average CPI in the first quarter of 2018 increased by 2.82% over the same period in 2017. CPI in March 2018 increased by 0.97% over December 2017 and by 2.66% over the same period last year.

According to Mr. Nguyen Bich Lam, General Director of the General Statistics Office, the average CPI in the first quarter of 2018 increased compared to the same period last year because localities adjusted the price of medical services and implemented the progression roadmap. fees.

Core inflation in March 2018 decreased by 0.09% over the previous month and increased by 1.38% over the same period last year. Average core inflation in the first quarter of 2018 increased by 1.34% over the same period in 2017.

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Domestic gold prices fluctuate according to world gold prices. Gold price index in March 2018 decreased by 0.35% over the previous month; up 3.18% over December 2017 and up 5.97% over the same period last year. The US dollar price index in March 2018 increased by 0.27% over the previous month; up 0.22% as compared to December 2017 and down 0.09% over the same period in 2017.

Nhu Mai / General Statistics Office
* Source: Investment bridge

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