Petrol and rice price hike pushes up CPI over eight months to 3.1%
The rising prices of petrol and domestic rice in line with global prices have pushed Vietnam’s consumer price index (CPI) during the eight-month period to 3.1% on-year, according to the General Statistics Office (GSO) on August 29.
August alone saw the CPI increase by 0.88% compared to the previous month. Among the 11 main groups of consumer goods and services, a total of 10 groups of commodity witnessed a rise in price compared to the previous month, while the price of post and telecommunications category decreased by 0.17%.
According to the GSO, the CPI since the beginning of the year to now has tended to see a decrease due to a fall in domestic petrol prices in line with global prices.
This move has made the price of transportation group continuously decrease compared to the same period from last year.
Core inflation in August alone increased by 0.32% over the previous month, representing a rise of 4.02% over the same period from last year.
The eight-month period saw the average core inflation inched up 4.57% compared to last year’s corresponding period, higher than the overall average CPI growth (3.1%).
