Consumer price index up 0.33% in October

Vietnam's Consumer Price Index (CPI) in October increased by 0.33% compared to the previous month and rose by 2.89% year-on-year.

According to the General Statistics Office, ten of the 11 groups of goods and services saw price increases and one group decreased in price.

The CPI growth was driven primarily by higher prices for food, rental housing, and domestic fuel which fluctuated in line with global market trends.

Transportation showed the largest increase among sectors, rising by 0.66%, largely due to a 2.27% increase in diesel prices and a 0.98% rise in domestic petrol prices following multiple price adjustments in October.

Meanwhile, some items saw price reductions, with new car prices and road passenger transport both decreasing by 0.1%, and used car prices dropping by 0.23%.

Core inflation in October rose by 0.23% month-on-month and by 2.68% compared to the same period last year./.