The national consumer price index increased at the lowest rate in 11 years.

In October, the education group had the highest price index increase, up to 1.31%, and there were also 3 groups of goods that decreased in price.

The General Statistics Office has just announced the national consumer price index (CPI) for October 2014. Accordingly, the national CPI this month increased by 0.11% compared to the previous month and increased by 3.23% compared to the same period in 2013. In the past 10 months, the national CPI increased by 4.47% compared to the same period last year. Up to this point, after 10 months of this year, the national CPI has increased by 2.36% compared to December 2013, this is the lowest level in the past 11 years.

Price index of education sector increased the most in October (Illustration photo: KT)

Contributing to the October CPI, food and catering services, the group with the highest weight, increased by only 0.05%, of which food increased by 0.2%, foodstuff increased by 0.01% and eating out increased by 0.07%.

After a sharp increase last month due to tuition fee adjustments, this October, tuition fees themselves were the main driver of the overall index, but to a lesser extent. However, due to the fact that a few provinces and education levels continued to adjust tuition fees, the price index for the education group increased the most, by 1.31% compared to the previous month (of which, education services increased by 1.46%).

This month, there are 3 groups of goods with price reductions: transportation, post and telecommunications, housing and construction materials.

During the month, two special commodities not included in the price index, gold and the US dollar, had opposite movements, decreasing by 2.82% and increasing by 0.18%, respectively, compared to the previous month.

Previously, the two big cities of Hanoi and Ho Chi Minh City both announced that their CPIs in October had low increases, or even decreases, with indexes of 0.04% and 0.03% respectively compared to the previous month./.

According to rural economy