Consumer price index rises 3.37% in January

Illustrative image (Source: VNA)

Hanoi (VNA) – Vietnam saw a year-on-year rise of3.37% in January’s consumer price index (CPI), according to the GeneralStatistics Office (GSO).

The office reported that the figure represented an increaseof 0.31% over December 2023.

It said that an upturn was seen in the prices of nine groupsof products and services, while downturn was recorded in those of two remaininggroups.

The highest rise was seen in the prices of medicine andhealthcare services at 1.02%, contributing 0.05 percentage point to theoverall CPI increase. It was followed by housing and construction materials at0.56%, transportation services at 0.41%, the group of other goods and services at0.4%, and food and catering services at 0.21%.

The two groups recording fall in prices were post andtelecommunications (0.05%) and education (0.12%).

In January, the domestic gold prices fluctuated in theopposite direction to world gold prices, posting a rise of 2.55% month on monthand 15.43% year on year despite a month-on-month drop of 1.23% in the worldgold prices.

According to the GSO, the core inflation in January 2024 increase0.21% compared to that in December 2023 and 2.72% over the same period lastyear./.

VNA