The consumer price index (CPI) posted year-on-year growth of 2.89% in the first 10 months of 2022 while core inflation rose 2.14%, the General Statistics Office (GSO) revealed on October 29.
A consumer shops at the Aeon Long Bien supermarket in Hanoi. (Photo: VNA)
Hanoi (VNA) – Theconsumer price index (CPI) posted year-on-year growth of 2.89% in the first 10months of 2022 while core inflation rose 2.14%, the General Statistics Office (GSO)revealed on October 29.
A contributor to the CPI hike was higherpetrol prices, which went up 36.01% during the period, while gas pricesfluctuated in line with changes in the global markets, up 15.35% from a yearearlier.
As the COVID-19 pandemic was brought undercontrol, demand for restaurant services has bounced back, leading to a 4.6%rise in eating-out prices in the 10 months. Prices of housing and constructionmaterials also became more expensive, up 2.44% year on year.
While domestic rice prices increasedin line with export prices, up 1.16%, foodstuff prices also grew slightly, by0.95% from the same period last year.
In contrast, prices of educationalservices fell 0.61% during the January - October period since some localities reduced orexempted school fees for the 2021 - 2022 academic year in response to theCOVID-19 pandemic’s impacts. Postal and telecommunications services witnessed ayear-on-year decline of 0.4% in prices.
The 10-month core inflation went up2.14% from a year earlier, lower than the CPI growth (2.89%), showing thatchanges in consumer prices were mainly driven by fluctuations in food,foodstuff, and petrol prices, the GSO noted.
In October alone, the CPI inched up 0.15%from the previous month partly due to rebounding house rental and school feehikes in some localities. It rose 4.16% from December 2021 and 4.3% from thesame period last year.
The October core inflation increased0.45% from last month and 4.47% from the same period last year, statisticsshowed./.
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A consumer shops at the Aeon Long Bien supermarket in Hanoi. (Photo: VNA) 
