Ha Noi’s consumer price index (CPI) in January grew 0.22 per cent from the previous month and 3.92 per cent year-on-year, according to the city’s Statistics Office.

Almost all goods categories recorded price increases, except for transport and postal-telecom services.

Notably, after declines for several months, prices of food, and eating and drinking services have rebounded to rise 0.92 per cent from December 2018, making them the group with the strongest price hike, data showed.

The prices of foods like pork, poultry, beef, aquatic products and vegetables surged in the month ahead of the Tet (Lunar New Year) holiday that falls in early February, throughout which consumption demand usually skyrockets.

Travel and entertainment demand has also increased sharply, leading to a price rise of 0.78 per cent in the category of culture, entertainment and tourism.

Meanwhile, petrol and diesel prices in January have dropped strongly by 6.89 per cent from last month, following price cuts nationwide. As a result, transport service prices in Ha Noi have fallen 2.92 per cent, the municipal Statistics Office said. — VNS