According to the General Statistics Office of Vietnam (GSO), the consumer price index (CPI) in May 2020 decreased by 0.03% against that of April 2020; down by 1.24% as compared to December 2019.
Specifically, the prices of four out of eleven groups of commodities decreased as compared to the previous month. In which, the price index of the group of traffic registered the highest decrease of 2.21%; both the group of postal services & telecommunication and the group of culture, entertainment and tourism were down by 0.02%; the group of footwear and hat decreased by 0.01%;
The prices of the remaining four groups increased as compared to the previous month, of which the group of food and catering services went up by 0.34%; the group of beverage and cigarette increased by 0.25%; the group of housing and construction materials went up by 0.25%; the group of medicine and healthcare went up by 0.04%; and the group of other commodities and services increased by 0.07%.
The core inflation decreased by 0.03% in May 2020 as compared to that of the previous month, and increased by 2.54% over the same time of 2019. The average core inflation for the first 5 months of 2020 was up by 2.88% as compared to that of the same period of 2019.
VA