Vietnam’s consumer price index (CPI) during first eight-month of this year rose by 3.10 percent on-year, according to the General Statistics Office.
The rise was attributed to the increase in prices of petrol, housing and rice.
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August alone saw the CPI increase by 0.88 percent compared to the previous month. Among the 11 main groups of consumer goods and services, a total of 10 groups of commodity witnessed a rise in price compared to the previous month, while the price of post and telecommunications category decreased by 0.17 percent.
In the eight-month period, education rose by 7.28 percent year-on-year, contributing 0.45 percentage points to the overall CPI increase.
Housing and construction materials hiked by 6.65% over the same period last year, causing the overall CPI to surge by 1.25 percentage points. Meanwhile, the price of culture, entertainment and tourism services gained 3.18 percent.
Food items saw their prices climb 3.04 perent, mainly due to expansion in consumer demand during holidays and Lunar New Year (Tet), which caused the overall CPI to increase by 0.65 percentage points.
The price of electricity rose 3.99 percent and prices of other goods and services increased by 3.98 percent compared to the same period last year.
Meanwhile, the price of kerosene decreased by 12.19 percent year-on-year; and that of domestic gasoline went down 17.56 percent.
The eight-month period saw the average core inflation inched up 4.57 percent compared to the same period last year, higher than the overall average CPI growth of 3.10 percent.
