Gasoline prices adjusted three times in a row, pushing the consumer price index (CPI) in August up 1.75%

Thu Huyen DNUM_CGZAIZCACD 11:36

(Baonghean.vn) - Nghe An Statistics Office said that the Consumer Price Index (CPI) in August 2023 in the province increased by 1.75% compared to the previous month, up 4.18% over the same period. 11/11 commodity groups had price indexes increasing compared to July 2023.

Gasoline prices were adjusted three times in a row this month (August 1, 11 and 21) due to the impact of world fuel prices; prolonged hot weather increased the prices of beverages, electricity and water; and students entering school increased the rental price, which were the main reasons for the Consumer Price Index (CPI) in August 2023 to increase by 1.75% compared to the previous month, and by 4.18% compared to the same period last year.

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Consumer Price Index (CPI) chart for August. Graphics: Huu Quan

Eleven out of eleven commodity groups had price indexes increasing compared to the previous month: Housing, electricity, water and construction materials increased by 6.55%; Transportation increased by 3.43%; Education increased by 0.74%; Beverages and tobacco increased by 0.51%; Food and catering services increased by 0.69%; Culture, entertainment and tourism increased by 0.17%; Apparel, hats and footwear increased by 0.17%. Household appliances and equipment increased by 0.17%; Post and telecommunications increased by 0.08%; Other goods and services increased by 0.07%; Medicines and medical services increased by 0.02%.

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11/11 commodity groups all had price indexes increasing compared to July 2023. Photo: Thu Huyen

On average, in the first 8 months of 2023, the consumer price index increased by 2.74% over the same period last year. There were 10 groups of goods that increased compared to the same period last year, including: Education increased by 12.74%; Beverages and tobacco increased by 5.66%; Food and catering services increased by 4.22%; Housing, electricity, water and construction materials increased by 4.03%; Other goods and services increased by 4%; Apparel, hats and footwear increased by 2.74%; Household appliances and goods increased by 2.01%; Culture, entertainment and tourism increased by 1.84%; Medicines and medical services increased by 0.21%; Post and telecommunications increased by 0.16%.

There is one group of goods that decreased compared to the same period, which is transportation, down 5.17%.

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Preparing to enter the new school year, the need to buy school supplies is also the main reason for the increase in the Consumer Price Index (CPI) in August 2023. Photo: Thu Huyen

The gold price index in August 2023 increased by 0.89% compared to the previous month, up 6.61% over the same period. The average for the first 8 months of 2023 increased by 2.74% over the same period. Domestic gold prices fluctuated in the same direction as world gold prices.

The US dollar index increased by 0.53% compared to the previous month, down 5.34% compared to the same period. The average for the first 8 months of 2023 decreased by 4.41% compared to the same period.

Revenue from other services in August 2023 is estimated at VND 1,534.4 billion, accounting for 14.37% of total retail sales of goods and services, up 23.05% over the previous month, up 78.73% over the same period last year. Accumulated revenue from other services in the first 8 months of 2023 reached VND 7,876.5 billion, accounting for 10.29% of total retail sales of goods and services, up 26.8% over the same period.

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Gasoline prices adjusted three times in a row, pushing the consumer price index (CPI) in August up 1.75%
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