In the first two months of this year, the country’s CPI rose 1.68 percent compared to the same period of last year.
Vietnam’s consumer price index in February grew by 1 percent against January and 1.42 percent on-year
The rise in petroleum prices are among the major factors for the February CPI increase.
In February, petroleum prices increased 5.8 percent against January. This has led to a 3.9 percent rise in road transportation fees. Petroleum prices have seen the fifth consecutive price rise since December 25.
However, between January and February, food prices dropped by 1.75 percent compared to the same phase of last year. Among those, pork prices declined by 21.89 percent on-year.
Educational service prices also fell by 4.36 percent as some localities reduced tuition fees for the first semester amid the ongoing Covid-19 pandemic. A decline of 16.36 percent was reported for housing rentals.
Vietnam has set a target to control CPI under 4 percent this year.