According to the Da Nang General Statistics Office, the city’s Consumer Price Index (CPI) in July went up by 0.25 % against June, and increased by 2.78% on the same period last year and by 2.26% compared with last December.

Hence, average CPI in the first seven months of 2019 rose by 2.43% compared to the same period last year.

Over the month, the prices of 5 out of the 11 groups in the CPI calculations rose slightly. The highest increase was 0.86% for goods and other services, a rise of 0.02% compared with the previous month. It was followed by restaurant and food services at 0.54%, lowering than June’s increase of 0.71%. Meanwhile, the prices of housing, fuels and building materials rose by 0.19%.

The prices of transportation, and culture, entertainment and tourism showed slight decrease at 0.01% and 0.19% respectively.

The prices of beverages and tobacco, equipment and household appliances, post and telecommunications, and education remained stable.

The rise in July’s CPI is mainly due to the hike in food price against June. In addition, the increase in electricity price by 4.1% in July plus surging electricity use due to prolonged hot weather pushed the CPI up.

Similarly, the prices for tap water increased by 0.21% due to the growth in demand for water during the hot weather period.