Sunday, March 26, 2023 10:25:06 PM - Markets open
VN-INDEX 1,046.79 +1.69/+0.16%
HNX-INDEX 205.72 +2.40/+1.18%
UPCOM-INDEX 76.17 0.00/0.00%
Eleven-month CPI increases 3.02% year on year
Vietnamplus - 11/29/2022 4:07:10 PM
 (0 ratings. You must sign in to rate.)
The consumer price index (CPI) posted year-on-year growth of 3.02% in the first eleven months of this year while core inflation rose 2.38%, the General Statistics Office (GSO) revealed on November 29.
In November alone, the index went up 0.39% month-on-month and 4.37% year-on-year mainly due to an increase in house rental fees and the adjustment of petrol prices in the line with global market trends.
Among the 11 groups of consumer goods and services, eight experienced price hikes, while three others saw price drops.
The GSO attributed the eleven-month CPI hike to higher petrol prices which were adjusted 31 times in the reviewed period, resulting in the fact that the retail price of A95 was up 490 VND per litre compared with the end of last year.
On average, domestic petrol prices increased by 31.76% between January and November, compared to the same period last year while gas prices fluctuated in line with changes in the global markets, up 12.76% from a year earlier, it said.
As the COVID-19 pandemic was brought under control, demand for restaurant services has bounced back, leading to a 4.78% rise in eating-out prices in the eleven months. Prices of housing and construction materials also became more expensive, up 2.75% year on year.
An increase of 1.2% in rice prices in the eleven months has resulted in 0.03 percentage point rise in the CPI. Foodstuff prices also grew slightly by 1.32% from the same period last year.
A contributor to the CPI hike was the prices of educational services which went up 0.47% during the period as some provinces and centrally-run cities increased school fees for the 2022-2023 academic year.
The 11-month core inflation went up 2.38% from a year earlier, lower than the CPI growth (3.02%), showing that changes in consumer prices were mainly driven by fluctuations in food, foodstuff, and petrol prices, the GSO noted.
The November core inflation increased 0.43% from last month and 4.81% from the same period last year, the statistics showed.
To deal with the rising inflation pressure, the Government has instructed ministries, agencies and localities to roll out solutions concertedly, helping to ensure stable production and business./.
Read original article here
Newer News
24/03 Steel price rises despite falling demand
24/03 Health and vehicles to be main growth drivers for non-life insurers in 2023
24/03 Conference to promote trade and cooperation between Việt Nam and Mexico
22/03 Investors voice concerns over unresolved pricing for renewable projects
21/03 US businesses exploring investment, business opportunities in Việt Nam
21/03 Imported cars should be included in registration fee reduction scheme
20/03 US businesses exploring investment, business opportunities in Việt Nam
17/03 Trade recovers strongly since reopening
17/03 Dual opportunity for Việt Nam in offshore wind industry development
16/03 Tra fish exports predicted to recover from third quarter
Older News
29/11 Vietnam enjoys 10.6 billion USD trade surplus in 11 months
29/11 Macroeconomic and monetary policies key to improving economy
29/11 Việt Nam lures over $25 billion in foreign investment in 11 months
23/11 China expected to remain largest export market for Vietnamese pangasius in 2022
23/11 MoF continues to consider adjusting costs of petrol: expert
18/11 Lack of orders plague export businesses
11/11 Petrol prices surge in latest adjustment
07/11 MoIT orders inspections of gas stations suspending operations
07/11 Pessimistic outlook for maritime transport firms amid weak demand
24/10 Economic recovery plan to boost national growth
Newsletter Signup
Top Stories
Steel price rises despite falling demand
Central bank makes first rate cut since 2020 to support economic growth
Domestic investors open less than 100,000 new accounts in the first 2 months
MSN: Masan secures up to $650m syndicated loan, redeems $126.3m bonds
Shares climb for third straight session
Market Update
Last updated at 3:05:00 PM
VN-INDEX 1,046.79 +1.69/+0.16%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.