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Sunday, February 5, 2023

Vietnam’s CPI inches up 3.15% in 2022

The Saigon Times

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HCMC – Vietnam’s consumer price index (CPI) in 2022 rose 3.15% year-on-year, lower than the National Assembly target of 4%, according to the General Statistics Office (GSO).

Fuel prices left a significant impact on the CPI. In specifics, 34 fuel price adjustments in the year resulted in domestic fuel prices soaring an average of 28.01% against the year-ago figure, thereby sending the index up 1.01 percentage points.

Cooking gas prices after 12 price adjustments picked up nearly 11.5% against the 2021 figure, making the index up 0.17 percentage point.

The rising prices of housing-construction materials and food drove up the index.

The prices of housing and construction materials in 2022 increased 3.11% over the year earlier due to higher input material prices. Food and foodstuff prices gained 1.62% year-on-year.

The GSO said core inflation in 2022 edged up 2.59% versus 2021. In December alone, core inflation inched up 0.33% month-on-month and 4.99% year-on-year.

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