Retail

Vietnam's Nov CPI up by 0.25% MoM, 3.45% YoY

04 Dec '23

2 min read

Pic: Adobe Stock

Insights

Vietnam's consumer price index (CPI) for November rose by 0.25 per cent month on month and by 3.45 per cent year on year (YoY).
On an average for the first 11 months, the index grew by 3.22 per cent YoY, with the core inflation rate up by 4.27 per cent.
The CPI for textile, footwear and hats was 101.95 compared to the November 2022 figure.

Vietnam’s consumer price index (CPI) for November rose by 0.25 per cent month on month (MoM) and by 3.45 per cent year on year (YoY), according the General Statistics Office.

Compared to October, eight among the 11 groups of essential goods and services experienced price increases, two saw price decreases, and the cost of the equipment and household items group remained unchanged.

On an average for the first 11 months, the index grew by 3.22 per cent YoY, with the core inflation rate up by 4.27 per cent. During the period, the highest CPI increase was recorded in January at 4.89 per cent, followed by a gradual decrease until June, which recorded an increase of only 2 per cent.

The CPI for textile, footwear and hats was 101.95 during the month compared to the November 2022 figure. It was 100.2 compared to the figure in October this year.

Factors contributing to the general CPI rise between January and November included average airfare index which soared by 87.29 per cent YoY, and train and bus ticket prices, which also went up by 29.67 per cent and 7.43 per cent respectively. The education, food, and household electricity price indices also rose.

Among the factors reducing the CPI in the 11-month period, the most significant was a decrease in the price index of petroleum products, at 12.12 per cent.

Fibre2Fashion News Desk (DS)

More Retail News - Vietnam...