Business

Consumer price index up 3.15% in 2022

Vietnam recorded year-on-year growth of 3.15% in the 2022 consumer price index (CPI) while core inflation increased 2.59%, the General Statistics Office (GSO) said on December 29.
Consumer price index up 3.15% in 2022 ảnh 1Consumers shop at a supermarket. (Photo: VNA)
Hanoi (VNA) – Vietnamrecorded year-on-year growth of 3.15% in the 2022 consumer price index (CPI) whilecore inflation increased 2.59%, the General Statistics Office (GSO) said onDecember 29.

The Vietnamese economy has recoveredin 2022. Surging production demand to serve consumption and export, added withsoaring global commodity prices, has fueled prices of goods and essential services,but prices are basically still under control, GSO General Director Nguyen ThiHuong told a press briefing in Hanoi.

Pointing out some contributors to theCPI growth, the GSO said domestic petrol and oil prices have been adjusted for34 times, increasing 28.01% from a year earlier, while gas prices were up 11.49%.

Rice prices have fluctuated in line withexport prices and market demand to go up 1.22% from 2021. Foodstuff price alsoincreased 1.62%. Besides, housing and construction material prices climbed up3.11%.

Meanwhile, there are also somefactors curbing the CPI uptrend, including pork prices down 10.68% thanks tothe African swine fever containment and guaranteed supply, house rent down1.83% due to the COVID-19 pandemic in the first months of 2022, and prices ofpostal and telecommunications services down 0.37% as a result of lower mobilephone prices.

This year’s core inflation increased2.59% from 2021, lower than the CPI growth of 3.15%, showing that changes inconsumer prices have been driven mainly by food, petrol, oil, and gas prices,according to the GSO.

Consumer price index up 3.15% in 2022 ảnh 2Domestic petrol and oil prices have been adjusted for 34 times in 2022. (Photo: VNA)
The office added domestic gold priceshave seen mixed changes in line with the global market, rising 5.75% this year.Prices of the US dollar also hiked 2.09% from 2021.

In December alone, CPI droppedslightly, by 0.01% month on month, but still grew 4.55% from December 2021. Whiletwo of the 11 categories of main consumer goods and services witnessed month-on-monthprice declines, nine experienced higher prices.

The December core inflation inched up0.33% from November and 4.99% from the same period last year.

General Director Huong said toactively cope with surging inflationary pressure, the Government has orderedministries, sectors, and localities to issue many timely policies and implementconcerted measures to minimise adverse impacts on socio-economic development.

Appropriate policies and drasticmoves in governance have considerably helped ease pressure on prices and stabiliseproduction and business activities and people’s life, she added./.
VNA
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