Hanoi (VNA) – The consumer price index (CPI) increased by 0.45% in November compared to the previous month, mainly driven by adjustments in domestic fuel prices and disruptions to the food supply in areas affected by natural disasters, the National Statistics Office (NSO) under the Ministry of Finance announced on December 6.
The figure was up 3.28% from December 2024 and up 3.58% year-on-year. However, the rise in the November CPI does not significantly affect the average CPI, used to measure inflation, the office said.
The first 11 months, the index rose by 3.29%. With this result, the full-year CPI will certainly be kept below 4%, meeting the target set by the National Assembly and pursued by the Government.
The NSO reported that among the 11 major groups of consumer goods and services, upward price pressures were concentrated mainly in transportation and food – catering services, driven by fluctuations in input costs and unfavourable weather conditions. The remaining groups recorded slight increases due to the influence of global gold prices, year-end shopping demand, and labour costs; however, the magnitude of these increases remained modest and under control.
Conversely, several groups of essential goods saw price declines as demand for electricity and water decreased as seasonal weather changed, and global gas fuel prices cooled down.
In November, nine groups of goods and services posted price hikes while two recorded declines.
Accordingly, the transportation group recorded the sharpest increase at 1.07%, contributing 0.11 percentage points to the overall CPI rise. It was followed by the group of food and catering services, which went up 0.95%, adding 0.34 percentage points to the overall CPI.
Meanwhile, prices of other goods and services rose by 0.3%; household appliances and equipment by 0.17%; clothing, headwear, and footwear by 0.12%; beverages and tobacco by 0.10%; medicines and healthcare services by 0.06%; education by 0.05%; and culture, entertainment, and tourism by 0.01%.
On the contrary, two groups recorded price declines, namely information and communications (down 0.06%) and housing, electricity, water, fuel, and construction materials (down 0.10%).
Domestic gold prices in November rose 1.9% month-on-month, up 64.4% year-on-year and 66.74% from December 2024. Average gold prices during January–November soared 45.77% year-on-year.
The domestic US dollar price index edged down 0.11% in the month, but up 3.6% year-on-year and 3.51% from December 2024. It grew 3.94% during the 11-month period.
The NSO reported that core inflation in November rose by 0.23% compared to the previous month and 3.28% year-on-year. For the first 11 months of 2025, core inflation climbed 3.21% from a year earlier, lower than the 3.29% growth of the overall CPI.
The main cause is that prices of food and groceries, household electricity, healthcare services, and education services – which contribute to the CPI hike – are excluded from the basket used to calculate core inflation./.
