Vietnam’s consumer price index (CPI) in 2023 is estimated to rise 3.25% year-on-year, meeting the target set by the National Assembly (NA), the General Statistics Office (GSO) reported on December 29.
Vietnam’s consumer price index (CPI) in 2023 is estimated to rise 3.25% year-on-year. (Photo: VNA)
Hanoi (VNA) – Vietnam’s consumer priceindex (CPI) in 2023 is estimated to rise 3.25% year-on-year, meeting the targetset by the National Assembly (NA), the General Statistics Office (GSO) reportedon December 29.
Nguyen Thi Huong, head of the GSO, told a pressconference in Hanoi that the index in the fourth quarter went up 3.54% from thecorresponding time last year, and that in December increased 0.12%month-on-month and 3.58% year-on-year.
She attributed the December increase to the rising medicalcosts, tuition fees, and prices of electricity and rice, adding among the 11commodity groups, 10 saw year-on-year hikes and the rest – post andtelecommunications - experienced a decline of 1.36%.
For the whole year, the prices of housing andconstruction materials expanded by 6.58%; food, up 6.85%; electricity, 4.86%;drugs and medical services, up 1.23%; and other goods and services, up 4.65%.Meanwhile, petrol prices dropped 6.94% from the previous year, and post and telecoms down 0.81%.
Illustrative image (Source: VNA)
The December domestic gold price moved up 3.98% fromthe previous month and 13.13% year-on-year, contributing to the yearly averagegrowth of 4.16%.
The average US dollar price in the free market wasaround 24,426 VND in the year. The December price decreased by 0.56%month-on-month, but up 1.04% over the same period last year.
December core inflation also inched up 0.17% month-on-month,and 2.98% year-on-year, leading to the yearly average growth of 4.16%./.
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Vietnam’s consumer price index (CPI) in 2023 is estimated to rise 3.25% year-on-year. (Photo: VNA) 
Illustrative image (Source: VNA) 
