Eleven-month CPI increases 3.02% year on year

The consumer price index posted year-on-year growth of 3.02% in the first eleven months of this year while core inflation rose 2.38%, according to the General Statistics Office.

In November alone, the index went up 0.39% month-on-month and 4.37% year-on-year mainly due to an increase in house rental fees and the adjustment of petrol prices in the line with global market trends.

The General Statistics Office attributed the eleven-month CPI hike to higher petrol prices which were adjusted 31 times in the reviewed period.

On average, domestic petrol prices increased by 31.76% between January and November, compared to the same period last year, it said.

As the COVID-19 pandemic was brought under control, demand for restaurant services has bounced back, leading to a 4.78% rise in eating-out prices in the eleven months.

The 11-month core inflation went up 2.38% from a year earlier, lower than the CPI growth (3.02%), showing that changes in consumer prices were mainly driven by fluctuations in food, foodstuff, and petrol prices, the Statistics Office noted./.

VNA