Nghe An: Consumer spending index in June 2020 increased significantly.
(Baonghean.vn) - In June 2020, the consumer price index (CPI) increased significantly compared to previous months. This was due to the resurgence of gasoline prices and the continued high price of pork.
According to data from the Nghe An Provincial Statistics Department, the consumer price index (CPI) in June 2020 increased by 0.73% compared to the previous month, decreased by 0.69% compared to December of the previous year, and increased by 2.77% compared to the same period of the previous year.
Among the 11 groups of goods and services, 5 groups saw price increases compared to the previous month: food and food services increased by 0.60%; beverages and tobacco increased by 0.37%; transportation increased by 4.86%; culture, entertainment, and tourism increased by 0.33%; and other goods and services increased by 0.14%.
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In addition, three groups of goods decreased in price: Clothing, hats, and footwear decreased by 0.09%; Housing, electricity, water, fuel, and building materials decreased by 0.53%; and household equipment and appliances decreased by 0.08%. Three groups remained unchanged in price: medicine and medical services, postal and telecommunications services, and education.
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| Due to four fuel price adjustments during the period, the prices of goods and services related to transportation increased significantly in June (4.86% compared to the previous month). Photo: Thanh Phuc |
The reason for the increase in the CPI in June 2020 was due to four upward adjustments in gasoline and diesel prices during the period;Food and beverage services increased by 0.60% compared to the previous month due to increased demand for dining out during the month, which included two holidays: International Children's Day (June 1st) and Vietnamese Family Day (June 28th). Social activities returned to normal after social distancing measures, many schools began their summer vacation, leading to increased tourism demand and the tourism industry entering its peak season. Additionally, due to extremely hot weather, prices of beverages and tobacco increased compared to the previous month due to increased consumer demand.
In difficult economic conditions, many families are tightening their spending, leading to a decrease in purchases of items such as clothing, shoes, hats, and other equipment; therefore, the prices of these items tend to decrease slightly. In addition,Due to the impact of the Covid-19 pandemic, and with the electricity subsidy policy, many households reduced rent to support consumers, resulting in a decrease in housing, electricity, and water prices.
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| Due to the impact of the Covid-19 pandemic, economic difficulties, and limited finances, the demand for items such as clothing, footwear, and hats has decreased sharply. Photo: Thanh Phuc |
According to statistics, the average consumer price index in Nghe An province increased by 3.52% in the first six months of the year compared to the same period last year. The strongest increases were in the following groups: food and food services (up 10.31%), beverages and tobacco (up 1.47%), clothing, hats and footwear (up 1.31%), household equipment and appliances (up 0.92%), medicine and medical services (up 2.74%), education (up 4.89%), culture, entertainment and tourism (up 3.30%), and other goods and services (up 3.15%).
In addition, some commodity groups saw decreases: Housing, electricity, water, fuel and building materials decreased by 0.16%; transportation decreased by 7.94%; and postal and telecommunications services decreased by 0.08%.
