Hanoi’s consumer price index up 5.51% in seven months

Hanoi’s Consumer Price Index (CPI) in the January – July period rose 5.51% from the same time last year, according to the city’s statistics office.
Hanoi’s consumer price index up 5.51% in seven months
Hanoi’s consumer price index increases by 5.51% in the first seven months of this year.

During the period, among the 11 main groups of consumer goods and services, 10 saw price hikes while postal and telecommunications services experienced a decline of 0.16%.

Notably, in the seven months, educational services increased by 30.58%; housing, electricity, water, fuel and building materials grew by 6.19%; food and catering services expanded by 3.28%, and medicine and medical services increased by 4.15%.

The total revenue from the retail sales of goods and consumer services reached 475.3 trillion VND (18.84 billion USD), up 10.3% over the same period last year.

The revenue of the hotel and restaurant sector stood at 62.1 trillion VND, up 10.5%, while that of tourism was 15.7 trillion VND, up 46.8%, and other services, 95.9 trillion VND, up 6.5%.

Tourism activities remained a major source of revenue for many service sectors and the local budget. In July, Hanoi attracted about 468,000 visitors, up 2.9% over the previous month and 16.6% year-on-year.

In the first seven months, the city welcomed nearly 3.5 million visitors, a rise of 33.2% over the same period last year. Particularly, the number of foreign visitors went up 43.4% year-on-year.

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(Source: VNA)