January’s CPI increases 0.52% due to high Tet demand

Vietnam’s consumer price index (CPI) in January edged up by 0.52 % month-on-month, fueled by high consumer demand for the Lunar New Year or Tet which fell in the same month, the General Statistics Office said on January 29.

January’s CPI increases 0.52% due to high Tet demand hinh anh 1

January’s CPI increases 0.52% due to high Tet demand (Photo: VNA)

Vietnam’s consumer price index (CPI) in January edged up by 0.52 % month-on-month, fueled by high consumer demand for the Lunar New Year or Tet which fell in the same month, the General Statistics Office said on January 29.

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 % year-on-year, while the core inflation in January inched up 5.21%.

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 %, followed by beverage and cigarette with 1.12%.

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%, respectively.

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

Meanwhile, the prices of housing and construction materials and education fell by 0.12% and 0.15%, respectively./.

Source: VNS
en.vietnamplus.vn

Related News

Closely monitoring market fluctuations to consider appropriate time to adjust prices

Closely monitoring market fluctuations to consider appropriate time to adjust prices

VCN - According to a report from the Ministry of Finance, in the second quarter and the remaining months of 2024, price management and administration need to ensure good control of inflation and continue to remove difficulties for production and business.
Regulating prices and controlling inflation in the "variables"

Regulating prices and controlling inflation in the "variables"

VCN - Unpredictable developments will certainly have a major impact on the price market as well as domestic inflation control in 2024. Therefore, successful results and solutions from 2023 will be a "pedestal" for 2024.
Pressure on price level remains, it is necessary to be proactive and flexible in management plans

Pressure on price level remains, it is necessary to be proactive and flexible in management plans

VCN - To carry out the set tasks, the Ministry of Finance said that price management in 2024 needs to ensure good control of inflation, while continuing to removing difficulties for production and business and people's lives.
Inflation increased by 4.16% in 2023

Inflation increased by 4.16% in 2023

VCN - Vietnam continues to be in the group of countries that control inflation well when on average in 2023, core inflation increases by 4.16% compared to 2022, higher than the general average CPI increase (up 3.25%). The main reason is that the average domestic gasoline price in 2023 decreased by 11.02% compared to the previous year, the gas price decreased by 6.94%, which is a factor that restrains the growth rate of CPI but belongs to the group of goods excluded from the list. core inflation calculator.

Latest News

Deputy PM orders strict punishment against fishing violations

Deputy PM orders strict punishment against fishing violations

Việt Nam has recorded significant achievements after seven years of efforts to have the illegal fishing label lifted, notably the completion of a legal framework, the good management of fishing vessels, sound traceability, and enhanced law enforcement efforts.
New decree to set stage for innovative start-up economy

New decree to set stage for innovative start-up economy

Vietnam is developing a decree to promote innovative start-ups, with the aspiration of building an innovation-driven economy in line with digital transformation and sustainable development.
"Three-legged tripod" for Vietnamese goods to take part in global through e-commerce

"Three-legged tripod" for Vietnamese goods to take part in global through e-commerce

VCN - Mr. Gijae Seong, Managing Director of Amazon Global Selling Vietnam shares about the changes in the cross-border e-commerce industry in Vietnam and efforts to promote the success of Vietnamese products and brands when participating in the global e-commerce supply chain.
Vietnam eyes lucrative Halal market with growing Muslim population

Vietnam eyes lucrative Halal market with growing Muslim population

Experts see a golden opportunity for Vietnam to tap into the booming Halal market, fueled by a surging global Muslim population.

More News

Increasing consumer protection responsibility in the electronic environment

Increasing consumer protection responsibility in the electronic environment

VCN - Along with its robust growth, e-commerce has introduced numerous new issues and challenges for economic and social development, including the area of consumer rights protection
PM orders sustainable development of construction materials industry

PM orders sustainable development of construction materials industry

Prime Minister Pham Minh Chinh on June 15 required restructuring in terms of organisation, administration, finance, and input materials at enterprises in the construction materials industry towards their sustainable development.
Seeking growth drivers for the Red River Delta region

Seeking growth drivers for the Red River Delta region

VCN - According to enterprises, promoting digital transformation alongside concretizing certain policy contents for the development of free trade zones will create numerous incentives for regional economic development, including the Red River Delta region.
Proactively forecast and carefully consider when to adjust prices

Proactively forecast and carefully consider when to adjust prices

VCN - In price management, the Government and the Ministry of Finance strongly require the implementation of solutions to stabilize market prices, along with public and transparent price declaration activities and not unreasonably increase prices of goods and services.
PM demands stronger efforts to make strategic institutional breakthrough

PM demands stronger efforts to make strategic institutional breakthrough

Prime Minister Pham Minh Chinh on June 13 demanded that the Government continue to enhance discipline, reform mindset and working methodology, and effectively implement the strategic institutional breakthrough to unlock all resources for development.
PM urges stronger efforts to complete expressway target

PM urges stronger efforts to complete expressway target

Prime Minister Pham Minh Chinh has asked for greater efforts from ministries, sectors, and localities to realise the goal of completing 3,000 km of expressways nationwide by December 31, 2025.
Singaporean newspaper: Vietnam’s economy poised for gradual recovery

Singaporean newspaper: Vietnam’s economy poised for gradual recovery

Singapore’s maritimefairtrade.org recently published an article on the recovery of the Vietnamese economy, citing the latest World Bank Taking Stock bi-annual economic update with growth forecast to reach 5.5% in 2024 that will gradually rise to 6% by 2025.
China remains top priority in Vietnam’s foreign policy: President

China remains top priority in Vietnam’s foreign policy: President

Vietnam considers developing friendship and cooperative ties with China as a strategic choice and a top priority in its foreign policy of independence, self-reliance, and diversification and multilateralisation of external relations, President To Lam told Chinese Ambassador to Vietnam Xiong Bo at a reception in Hanoi on June 11.
Vietnam among six ASEAN countries with good economic growth: Maybank

Vietnam among six ASEAN countries with good economic growth: Maybank

The gross domestic product (GDP) growth of six ASEAN countries - Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam - will recover to 4.5% and 4.7% in 2024 and 2025, respectively, from 4% in 2023, according to Maybank Research Pte Ltd forecast.
Read More

Your care

Latest Most read
Deputy PM orders strict punishment against fishing violations

Deputy PM orders strict punishment against fishing violations

Việt Nam has recorded significant achievements after seven years of efforts to have the illegal fishing label lifted, notably the completion of a legal framework, the good management of fishing vessels, sound traceability, and enhanced law enforcement efforts.
New decree to set stage for innovative start-up economy

New decree to set stage for innovative start-up economy

Vietnam is developing a decree to promote innovative start-ups, with the aspiration of building an innovation-driven economy in line with digital transformation and sustainable development.
"Three-legged tripod" for Vietnamese goods to take part in global through e-commerce

"Three-legged tripod" for Vietnamese goods to take part in global through e-commerce

VCN - Mr. Gijae Seong, Managing Director of Amazon Global Selling Vietnam shares about the changes in the cross-border e-commerce industry in Vietnam and efforts to promote the success of Vietnamese products and brands when participating in the global e-c
Vietnam eyes lucrative Halal market with growing Muslim population

Vietnam eyes lucrative Halal market with growing Muslim population

Experts see a golden opportunity for Vietnam to tap into the booming Halal market, fueled by a surging global Muslim population.
Increasing consumer protection responsibility in the electronic environment

Increasing consumer protection responsibility in the electronic environment

VCN - Over recent years, e-commerce has experienced significant growth, becoming a major trend in global commerce.
Mobile Version