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Wednesday, June 26, 2024

Vietnam’s CPI inches up 0.25% in November

By Chinh Phong

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HCMC – Vietnam’s consumer price index (CPI) in Vietnam has grown by a slight 0.25% in November compared to the previous month, driven primarily by higher prices of healthcare services and rice, according to the General Statistics Office (GSO).

The CPI this month has risen by 3.46% compared to December 2022 and 3.45% over the same period last year, while core inflation has edged up 0.16% month-on-month and increased by 3.15% year-on-year.

The January-November period has seen a year-on-year increase of 3.22% in CPI, with core inflation expanding by 4.27%, according to data from GSO released on November 29.

Among the 11 categories of consumer goods and services used for CPI calculation, eight have marked up in price while two have declined in November. Notably, the category of equipment and household items has remained stable.

Pharmaceuticals and healthcare services have seen the most significant price surge of 2.9% month-on-month, contributing 0.16 percentage point to the overall CPI increase.

Education costs have increased by 0.38%, while the group comprising textiles, hats, and footwear has risen by 0.2% in price on rising labor costs and increased demand for winter clothing.

Prices in the beverages and tobacco group have also increased by 0.19% while food and catering services have edged up by 0.1%. Other commodities and services have increased by 0.32%.

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