Vietnam’s CPI up 2.58% in January-August

Illustrative image (Photo: VNA)

Hanoi (VNA) – Vietnam’s consumer price index(CPI) in August increased slightly by 0.005% from the previous month, 3.6%against December 2021, and 2.89% year-on-year, the General Statistics Office (GSO) announced on August 29.

In the January-August period, the index went up 2.58% compared tothe same period last year. Meanwhile, the country’s core inflation rose by1.64%.

Among the 11 groups of main consumer goods and services,nine reported price hikes.

Meanwhile, decreases were seen in the prices of educationalservices (down 3.14%) and post and telecommunications services (down 0.46%).

Illustrative image (Photo: VNA)

To actively respond to challenges posed by increasinginflation pressure, the Government has directed ministries, sectors andlocalities to take concerted measures to stabilise prices, and minimiseinflation’s negative impacts on socio-economic development.

According to the GSO, August’s core inflation was up 0.4%m-o-m, and 3.06% y-o-y, making it increase by 1.64% y-o-y in the first eightmonths of this year./.

VNA