Vietnam's CPI up by 4.89% YoY in Jan 2023 due to high fuel prices

The Southeast Asian country experienced a CPI growth of 3.15 per cent YoY in 2022, which attained the below-4 per cent target fixed by its top legislature. Moreover, Vietnam’s CPI slightly increased by 0.52 per cent in comparison to December last year because of price hikes of various items, according to media reports.

Experts opine that the country’s inflation target of 4.5 per cent for 2023 is difficult to meet owing to pressures from cost-push and demand-pull inflation along with rising coal and gas prices.

Fibre2Fashion News Desk (NB)