Business

CPI in October creeps up 0.09 percent

The consumer price index (CPI) inched up 0.09 percent in October against the previous month, and 2.47 percent year-on-year, according to the General Statistics Office of Vietnam (GSO).
CPI in October creeps up 0.09 percent ảnh 1Illustrative image (Photo: VNA)

Hanoi (VNA) – The consumer price index (CPI)inched up 0.09 percent in October against the previous month, and 2.47 percentyear-on-year, according to the General Statistics Office of Vietnam (GSO).

Among 11 groups of products and services in the CPI basket, a decline wasrecorded in the groups of restaurant and catering service (0.13 percent);transportation (0.08 percent); post and telecommunication service (0.03percent); culture, entertainment and tourism (0.18 percent).

Meanwhile, six groups seeing higher prices were education service (1.52percent); houses and building materials (0.29 percent); property maintenancematerials and services (0.29 percent); beverage and tobacco (0.08 percent);garment, hat and footwear (0.06 percent); and other goods and services (0.09percent).

Head of the GSO’s Price Statistics Department Do Thi Ngoc said the rise inOctober’s CPI was fueled by a surge in tuition fee for the 2020-2021 academicyear in nine centrally-run cities and provinces, high prices of vegetables dueto impacts of the sixth and seventh storms, and increase in gas prices to keepup with swings in the global market.
Meanwhile, there were some factors helping curb the CPIdowntrend, including a decline in fork prices (2.84 percent) and petro prices(0.81 percent).

In October, gold prices moved in tandem with global gold prices, whichunderwent erratic fluctuation on the threshold of the US President Election andthe complicated developments of the COVID-19 pandemic.

The VND/USD exchange rate rose 0.07 percent, with one USD exchanged for 23,275VND.

According to the GSO, core inflation (CPIexcluding food items, energy products and commodities underthe State management like medical and educationalservices) fell from 3.25 percent in January to 1.88 percent in October.

The country’s CPI went up 3.71 percent during January-October, with CPI inurban areas surging 3.29 percent, and that in rural localities increasing 4.13percent against the same time last year. Core inflation rate grew 2.52 percentyear-on-year./.
VNA
#consumer price index #CPI #GSO #erratic fluctuation #complicated developments #COVID-19 #Vietnamplus #Vietnam news #Vietnam News Agency
Follow VietnamPlus

Related News

Nine-month CPI grows fastest in five years: GSO

Nine-month CPI grows fastest in five years: GSO

The consumer price index (CPI) climbed 3.85 percent year-on-year between January and September, the highest nine-month CPI growth over the last five years, the General Statistics Office reported.

See more

Hanoi’s roadmap to implement low-emission zones from July is providing a strong boost to the electric two-wheeler market (Photo: VNA)

Low-emission zone roadmap drives electric two-wheeler boom in Hanoi

From July 1, Hanoi will introduce time-based or area-based restrictions on petrol-powered motorcycles within Ring Road 1, with plans to expand coverage across the entire zone by 2028 and extend to areas within Ring Road 3 by 2030. The policy is expected to reshape travel habits for millions of urban residents.

Delegates at the opening ceremony of the Made in Da Nang Expo 2026 (Photo: VNA)

Nearly 300 firms join Made in Da Nang Expo 2026

Speaking at the opening ceremony, Vice Chairman of the Da Nang People’s Committee Tran Chi Cuong said the exhibition is a large-scale trade promotion event aimed at showcasing products, connecting markets, and helping businesses enhance competitiveness while expanding domestic and export markets.

Green production, standardised value chains key to fruit, vegetable sector growth

Green production, standardised value chains key to fruit, vegetable sector growth

Facing mounting pressure from increasingly stringent domestic and international standards, Vietnam’s fruit and vegetable sector is accelerating its shift toward green, safe, and sustainable production models. Beyond changing farming practices, localities and businesses are stepping up efforts to standardise value chains and build brands to achieve growth targets for 2026.

The launch of the Vietnam National Brand Week 2026 on April 16 (Photo: VNA)

Vietnam National Brand Week 2026 opens

Running from April 16 to 23 nationwide, the Vietnam National Brand Week 2026 marks the 18th anniversary of Vietnam Brand Day (April 20, 2008 – 2026).

Ca Mau is currently home to more than 5,200 fishing vessels, including nearly 1,900 boats measuring over 15 metres in length, and all have been equipped with vessel monitoring systems. (Illustrative photo: VNA)

Ca Mau drives changes among fishermen to tackle IUU fishing

Ca Mau is stepping up communication campaigns to disseminate legal regulations on IUU fishing, highlight recent enforcement results, and convey recommendations from the European Commission (EC)’s fifth inspection mission to fishing communities and relevant stakeholders.