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SOME FEATURES ABOUT THE PRICE INDEX IN 2020

Although in the last months of the year, the consumer price index tended to slow down (in the third quarter, it increased by 4.8%; in the fourth quarter, it increased by 0.53% compared to the same period), but because the price index in the first and second quarters 2020 remained at a high level (price index in the first quarter increased by 7.29%, price index in the second quarter increased by 5.26%), so the average price index in 2020 increased by 4.05% compared to the average of the same period. The main reason why the average consumer price index in 2020 increased higher than the same period last year was that the price of food group increased by 18.62%, leading to a 6.5% increase in the price of meals outside the family.

On average of 2020, the consumer price index increased by 4.05% compared to the average of the same period. In which, the group of food and catering services increased by 14.96% (because of the food group increased by 18.62%; the group of processed meat increased by 26.21%; the group of fats and other fats increased by 29.58%). ; medicines and medical services increased by 2.8% (due to the increase in price of medical services by 2.84%); the education group increased by 4.37% (because the group of educational services increased by 4.79%); the group of other goods and services increased by 1.91%... the remaining 3/11 groups had the average price index decreased over the same period, such as the transportation group (-10.36%); post and telecommunications group (-0.22%); culture, entertainment and tourism (-0.82%).

Gold price index: the average 12 months of 2020, the gold price index increased by 26.72% compared to the same period. Particularly in December 2020, the gold price index tended to decrease compared to the previous month (-0.67%), mainly due to erratic fluctuations of the world gold price; compared to the same period in 2019, the gold price index increased by 29.49%.

US Dollar price index: the average 12 months of 2020 increased by 0.16% compared to the average of the same period. Particularly in December 2020, it decreased by 0.19% compared to the previous month and decreased by 0.05% compared to the same period.


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