January’s CPI increases 0.52 per cent due to high Tet demand

Tuesday, Jan 31, 2023 08:24

January’s CPI increases 0.52 per cent due to high Tet demand. — VNA/VNS Photo

Viet Nam’s consumer price index (CPI) in January edged up by 0.52 per cent month-on-month, fuelled by high consumer demand for the Lunar New Year or Tet which fell in the same month, the General Statistics Office said on Sunday.

In addition, the prices of goods, food and foodstuffs went up during the final lunar month to prepare for the longest annual holiday and domestic fuel prices rose to global levels, contributing to the rise of the index.

This month’s CPI increased by 4.89 per cent year-on-year, while the core inflation in January inched up 5.21 per cent.

Among the 11 main commodity groups, nine marked a month-on-month increase in prices, and the rest registered a decline.

Transport services reported the highest rise of 1.39 per cent, follo wed by beverage and cigarette with 1.12 per cent.

The prices of catering, other goods and services, apparel, footwear and hat, gold prices, restaurant services, cultural activities, and entertainment posted a growth of 0.82, 0.72, 0.62, 0.57, 0.46 and 0.42 per cent, respectively.

Household equipment and appliances reported the smallest increase, at 0.36 per cent.

Meanwhile, the prices of housing and construction materials and education fell by 0.12 and 0.15 per cent, respectively. —VNS

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