CPI increases by 3.48% in Q3
Vietnam’s consumer price index (CPI) rose by 3.48% in the third quarter of 2024 compared to the same period last year, mainly fueled by the increasing prices of food in localities directly affected by Typhoon Yagi, and housing and education services, according to the General Statistics Office (GSO).
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| Consumers are shopping at An Nhon Go supermarket. (Source: VNA) |
In September alone, the country's CPI increased by 0.29%. Nine out of the 11 main groups of goods and services saw growing prices in the month.
The education group in September increased by 2.09%, of which the price of educational service increased by 2.33% due to some localities adjusting tuition fees applicable for the 2024-2025 academic year in some private schools at all levels, vocational schools, colleges, universities and postgraduate programmes. Mewnwhile, the price of food and catering services was up 0.92% in September.
In contrast, transport costs recorded a decrease of 2.77% in the reviewed month.
Also in the month, domestic gold prices rose 1.88% compared to August, while surging by 22,66% to December last year, and 32.27% year-on-year. In the past three quarters, domestic gold price was up 26.27%.
The GSO also said that core inflation in September soared 0.27% month-on-month, and 2.54% against the same time last year.
On average, the January-September CPI rose by 3.88% year-on-year, while core inflation increased by 2.69%.
(Source: VNA)
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