The consumer price index (CPI) saw a year-on-year increase of 4.19% in the first six months of 2020, reaching the peak in the 2016-2020 period, the General Statistics Office (GSO) reported.
In June, CPI unexpectedly picked up 0.66% against the previous month due to high prices of petrol and pork. However, the consumer price index in June decreased by 0.59% against last December, the lowest level in the 2016-2020 period.
In the first half, CPI still went up 4.19%, the record high in the past five years.
The GSO reported that seven out of 11 groups of goods and services experienced price hikes especially transport.
In Q2, CPI dropped 1.87% in comparison with Q1 but saw a year-on-year increase of 2.83%. In the January-June period, inflation rate soared 2.81% against the same period in 2019.
According to the GSO, gold price picked up 1.71% in June; 16.81% in comparison with last December, and 30.18% against the same period last year, dragging by COVID-19 impacts as well as the U.S.-China trade dispute.
Meanwhile, USD prices saw a month-on-month decline of 0.58%; increased by 0.47% against last December, and a year-on-year decrease of 0.59%.