Economy

Consumer price index (CPI) in July in Nghe An increased by 0.89%

Thu Huyen DNUM_CHZAHZCACE 10:37

Increasing basic salary, increasing prices of gasoline, electricity, water... are the main reasons for Nghe An's CPI in July increasing compared to the previous month.

In July 2024, implementing Decree 73/2024/ND-CP, Clause 2, Article 3, increasing the basic salary applicable from July 1, 2024 from 1.8 million VND/month to 2.34 million VND/month, gasoline prices were adjusted to increase according to the national price, hot weather caused the demand for electricity and water consumption to increase compared to the previous month... are the main reasons for the Consumer Price Index (CPI) in July 2024 to increase by 0.89% compared to the previous month; increase by 2.43% compared to December 2023; increase by 5.33% compared to the same period last year. The average for the first 7 months of 2024 compared to the same period in 2023 increased by 5.73%.

Chợ truyền thống đang chịu sự cạnh tranh quyết liệt của nhiều kênh bán hàng hiện đại. Ảnh: Thu Huyền
At supermarkets and convenience stores, goods are abundant, meeting people's consumption needs. Photo: Thu Huyen

According to the Nghe An Statistics Office, among the 11 main groups of goods and services, 8 groups of goods had price indexes increasing compared to the previous month, namely: Other goods and services increased by 5.54%; Housing, electricity, water and construction materials increased by 1.66%; Transportation increased by 1.52%; Food and catering services increased by 0.68%; Culture, entertainment and tourism increased by 0.56%; Beverages and tobacco increased by 0.18%; Household equipment and utensils increased by 0.13%; Clothing, hats and footwear increased by 0.04%.

There are 2 groups of indexes that did not change compared to the previous month: Medicines and medical services and education. There is 1 group of goods whose index decreased compared to the previous month: Post and telecommunications, down 0.19%.

Screen Shot 2024-07-27 at 9.40.20 AM
Source: Nghe An Statistical Office

On average, in the first 7 months of 2024, the consumer price index increased by 5.73% over the same period last year. 11/11 groups of goods increased compared to the same period last year, including: Housing, electricity, water, fuel and construction materials increased by 20.08%; Medicines and medical services increased by 5.55%; Other goods and services increased by 5.51%; Transportation increased by 4.53%; Food and catering services increased by 3.89%; Beverages and tobacco increased by 2.71%; Culture, entertainment and tourism increased by 1.98%; Education increased by 1.31%; Household equipment and utensils increased by 1.11%; Clothing, hats and footwear increased by 0.92% and Post and telecommunications increased by 0.04%.

The gold price index in July 2024 increased by 2.03% compared to the previous month, up 41.35% over the same period. The average for the first 7 months of 2024 increased by 28.96% over the same period. Domestic gold prices fluctuate in the same direction as world gold prices.
The US dollar index increased by 0.19% over the previous month and by 5.06% over the same period. The average for the first 7 months of 2024 increased by 2.53% over the same period.

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Consumer price index (CPI) in July in Nghe An increased by 0.89%
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