Vietnam’s CPI Rises 0.98% in January
Vietnam’s Consumer Price Index (CPI) increased by 0.98% in January, driven by adjusted healthcare fees, rising transportation costs, and higher food prices, particularly due to increased demand during the Lunar New Year (Tet) holiday.
According to the General Statistics Office, the CPI rose 3.63% year-on-year, while core inflation increased 3.07%.
Price hikes were recorded in nine out of 11 categories of goods and services, with healthcare costs rising the most at 9.47%, followed by transportation (0.95%) and food and catering services (0.74%). The cultural, entertainment, and tourism sector also saw a 0.27% rise due to higher travel demand and service costs.
In contrast, household electricity costs fell 0.51%, water prices dropped 0.29%, and gas prices declined 1.26%.
Meanwhile, gold prices increased 1.03%, fueled by pre-Tet demand, while the US dollar rose 0.21%.
Core inflation, which excludes food, electricity, and healthcare services, climbed 0.42% from the previous month and 3.07% year-on-year, remaining lower than the overall CPI increase.
