November’s CPI Vietnam grows 3.45%

The consumer price index (CPI) for November has gone up by 0.25% compared to the previous month and 3.45% to the same period last year, announced the General Statistics Office (GSO) on Nov. 29.

 

Reason:

Some localities raising the cost of healthcare services and tuition fees as per regulations, as well as domestic rice prices further rising due to an increase in the export price of the product.

 

Eight among the 11 groups of essential goods and services experienced price increases, two saw price decreases, and the cost of the equipment and household items group remained unchanged.

 

Factors contributing to the CPI rise between January and November included average airfare index which soared by 87.29% annually, primarily due to the costs of airlines and the high demand for travel, especially during holidays and summer vacations.

 

Train and bus ticket prices also went up by 29.67% and 7.43%, respectively. Meanwhile, the education, food, and household electricity price indices rose by 7.35%, 6.67%, and 4.55%, respectively.

 

Among the factors reducing the CPI in the 11-month period, the most significant was a decrease in the price index of petroleum products, at 12.12%.