November’s CPI grows 0.13%

Vietnam's consumer price index (CPI) for November rose by 0.13% from the previous month and 2.77% compared to the same period last year, announced the General Statistics Office (GSO) on December 6.

Eight groups of goods and services saw price increases and three experienced declines, it said.

The group of housing, electricity, water, fuel and construction materials recorded the highest increase of 0.87% due to a 3.57% rise in kerosene prices following multiple price adjustments in November and a 2.25% expansion in domestic gas prices from the beginning of the month. Other groups grew between 0.26% and 0.62%.

Meanwhile, the prices of transportation services went down by 0.07%, postal and communication services fell 0.3%, and restaurants and catering services inched down 0.22%.

Domestic gold prices dropped 2.26% as compared to October while rising by 32.91% against December last year and 38.2% year-on-year.

The average US dollar price in the free market was around 25,483 VND as of November 27, up 1.76% month-on-month and 3.63% over the same period last year.

Core inflation in the 11-month period expanded 2.7% from the same period in 2023 but was lower than the average CPI increase of 3.69%. The reason is that the prices of food, foodstuffs, electricity, education services, and medical services only affect CPI growth as they are excluded from calculating core inflation./.