Vietnam's CPI up 3.02 percent in 2022's 11 months

Thứ Năm, 01/12/2022, 21:03

Vietnam's consumer price index (CPI) rose 3.02 percent year on year in the first 11 months of 2022r, according to the General Statistics Office on November 30.

Vietnam's CPI up 3.02 percent in 2022's 11 months -0
Vietnam's CPI up 3.02 percent in 2022's 11 months.

Accordingly, in November alone, the index went up 0.39% month-on-month and 4.37% year-on-year mainly due to an increase in house rental fees and the adjustment of petrol prices in the line with global market trends.

The General Statistics Office attributed the eleven-month CPI hike to higher petrol prices which were adjusted 31 times in the reviewed period. On average, domestic petrol prices increased by 31.76% between January and November, compared to the same period last year, it said.

As the COVID-19 pandemic was brought under control, demand for restaurant services has bounced back, leading to a 4.78% rise in eating-out prices in the eleven months.

The 11-month core inflation went up 2.38% from a year earlier, lower than the CPI growth (3.02%), showing that changes in consumer prices were mainly driven by fluctuations in food, foodstuff, and petrol prices, the Statistics Office noted.

In 2021, Vietnam saw the CPI rise 1.84 percent compared to the previous year, the lowest level since 2016.