CPI in January hits record high in recent 7 years

Vietnam’s consumer price index (CPI) in January hit a record high, up 1.23 percent over the previous month and 6.43 percent year on year, according to the General Statistics Office (GSO).
CPI in January hits record high in recent 7 years ảnh 1At Mega Market, Hoang Mai district, Hanoi (Source: VNA)

Hanoi (VNA) - Vietnam’s consumer price index (CPI) in January hit arecord high, up 1.23 percent over the previous month and 6.43 percent year onyear, according to the General Statistics Office (GSO).

This is the highestJanuary CPI growth recorded in the last seven years.

Compared to the previous month, an upturn was seen in theprices of ten out of 11 main groups of goods and services, leading by food andcatering services (2.29 percent). It was followed by housing and constructionmaterials (1.47 percent); goods and other services (0.92 percent); transport (0.69percent); drinking and tobacco (0.65 percent); garment and textile, headwearand footwear (0.33 percent); household equipment and products (0.27 percent);and culture, entertainment and travel (0.25 percent).

The only group experiencing price fall was post and telecommunications (0.03percent).

Do Thi Ngoc, head of the GSO’s Price Statistics Department, explained thatthe CPI in January saw a strong rise due to the higherdemand for food and foodstuff, drinks and textiles for the Lunar New Year (Tet)festival.

The petrol and oil prices in January averagely increased by 1.29 percentcompared to December 2019. Meanwhile, the price of gas in the month climbed 14.08percent against the previous month.

At the same time, domestic goldprice was up 4.37 percent over the previous month; while that of US dollar hasbeen kept stable, at around 23,222VND/USD.

GSOsaid the core inflation in January, which isCPI excluding grain food, fresh foodstuff, energy and the State-managed medicaland educational services, increased by 0.76 percent from December 2019, and 3.25percent compared to the same period last year.

The general inflation in January grew at a faster pace than the core inflation,reflecting that price changes were mainly driven by higher prices of food,services, and petrol./.
VNA

See more

Lao government officials and representatives of Vietnamese businesses at the seminar (Photo: VNA)

Vietnamese firms eye investment in Laos

He reaffirmed Laos as a key investment destination for Vietnamese and global firms, highlighting opportunities in agriculture, tourism, logistics, and infrastructure.

Vice Chairman of the Bac Giang People's Committee Mai Son (Photo: bacgiang.gov.vn)

Bac Giang speeds up non-state budget investment projects

In the coming period, the northern province of Bac Giang will focus on addressing challenges to non-state budget investment projects and expediting their progress, affirmed Vice Chairman of the provincial People's Committee Mai Son.

Representatives from industry associations share insights on Vietnam’s market trends. (Photo: VNA)

Vietnam, Thailand boost industrial trade exchange

Trade between Vietnam and Thailand reached 20.18 billion USD in 2024, up 6.4% year-on-year. Thailand remained Vietnam’s top ASEAN trade partner, accounting for 24% of its total trade with the bloc.

Representatives from Lao and Vietnamese agencies at the signing ceremony. (Photo: VNA)

Vietnam, Laos strengthen energy cooperation

A 1,200 MW wind power plant in Nong district, Laos’ Savannakhet province is expected to export 1,526 kWh to Vietnam annually once its first phase completes by the end of 2027, and additionally 1,112 million kWh per year after its second phase becomes operational in 2030./

A view of the Hanoi skyline. While rental properties continue to be in demand, there has also been a notable rise in the number of foreigners looking to buy houses. (Photo: VNA)

Housing demand from foreigners in Hanoi rises

Over several years, Hanoi has increasingly become an attractive destination for foreign workers, with approximately 10,000 new foreign workers are granted licences to work in the city each year.