The consumer price index (CPI) during the past 11 months of the year soared by 3.69% compared to the same period from last year, with core inflation rising by 2.7%, according to the latest report released by the General Statistics Office (GSO).
In November, the CPI edged up by 0.13% over the previous month, and up 2.65% compared to December last year.
In line with this, CPI growth in November was primarily driven by higher prices for electricity, rental housing, and housing maintenance materials.
Most notably, a total of 10 groups of goods and services saw price increases, including housing, electricity, water, fuel and construction materials, other goods and services, beverages and tobacco, clothing, hats and footwear, entertainment and tourism, education, household equipment and appliances, as well as medicines and medical services.
Three groups of goods and services suffered a fall in price, including transportation group, food and catering services group, and post and telecommunications.
According to the GSO, core inflation in November increased by 0.24% over the previous month and up 2.77% on-year. Meanwhile, core inflation during the 11-month period surged by 2.7% compared to the same period from last year, lower than the average CPI increase of 3.69%, mainly due to the prices of food, foodstuffs, electricity, education services, and medical services.
