The April CPI increases 0.18 percent month on month and 2.64 percent year on year. (Photo: VNA) The office said that increases in the prices of constructionmaterials, catering and tourism service, and the recovery in education service costafter a period of applying tuition reduction in many localities after COVID-19is controlled are among factors causing the rise in CPI.
The average CPI for the first four months of this year rose 2.1 percentyear on year, higher than 0.89 percent recorded in the same period last year,but lower than the increases in the January-April period in 2017-2020. The core inflation wasalso up 0.97 percent.
In April, among 11 major groups of goods and services, eightsaw an increase in prices, while three others saw a decrease.
The head of the GSO said that the hike in petrol prices is themajor factor pushing up CPI in the first four months of this year, adding thatso far, domestic petrol prices surged 48.84 percent year on year, which led to 1.76percentage points rise in CPI.
Following the petrol price, gas price also increased 24.6 percentyear on year, contributing to pushing the CPI up by 0.36 percentage points.
Meanwhile, the price of materials for house upgrading infour months increased 8.51 percent, while that of rice went up 0.98 percent,and restaurant service was up 3.17 percent.
On the other hand, in the first four months of this year,downturn was seen in the prices of food (0.94 percent), processed meat (4.48percent), education service (3.93 percent).
Domestic gold price rose 0.73 percent over the previous monthand 12.28 percent year on year in April, and 5.56 percent year on year in thefirst four months of 2022. Meanwhile, USD price in Vietnam also saw year onyear rise of 0.64 percent in April and 0.66 percent in January-April period./.
VNA
