Consumer price index rises 3.37% in January

Vietnam saw a year-on-year rise of 3.37% in January’s consumer price index (CPI), according to the General Statistics Office (GSO).
Illustrative image (Source: VNA)
Illustrative image (Source: VNA)

The office reported that the figure represented an increase of 0.31% over December 2023.

It said that an upturn was seen in the prices of nine groups of products and services, while downturn was recorded in those of two remaining groups.

The highest rise was seen in the prices of medicine and healthcare services at 1.02%, contributing 0.05 percentage point to the overall CPI increase. It was followed by housing and construction materials at 0.56%, transportation services at 0.41%, the group of other goods and services at 0.4%, and food and catering services at 0.21%.

The two groups recording fall in prices were post and telecommunications (0.05%) and education (0.12%).

In January, the domestic gold prices fluctuated in the opposite direction to world gold prices, posting a rise of 2.55% month on month and 15.43% year on year despite a month-on-month drop of 1.23% in the world gold prices.

According to the GSO, the core inflation in January 2024 increase 0.21% compared to that in December 2023 and 2.72% over the same period last year.