Vietnam's consumer price index up 4.08% YoY in H1 2024

Factors contributing to the CPI growth include the respective annual 4 per cent and 5.51 per cent increases in the price indices for the groups of food and food services, the GSO noted. The indices of housing, electricity, water, fuel and construction materials rose as well.

Household electricity prices rose by 9.45 per cent due to higher demand and adjustments in the average retail price of electricity by the Vietnam Electricity (EVN) group last year.

The growth of core inflation was attributed to rising costs of food, electricity, education and healthcare services, according to domestic media reports.

As the government and the Prime Minister had directed ministries, sectors and localities to implement measures to resolve difficulties, promote growth, maintain macroeconomic stability, control inflation and closely monitor the supply-demand and prices of essential goods, no unusual price fluctuations were recorded and inflation remained under control, said GSO general director Nguyen Thi Huong.

Fibre2Fashion News Desk (DS)