Business

July CPI increases 0.13 percent month on month

The July consumer price index (CPI) CPI rose 0.13 percent against June, 2.39 percent year on year and 2.48 percent compared to December 2015, the General Statistics Office (GSO) reported on July 24.
July CPI increases 0.13 percent month on month ảnh 1Illustrative image (Source:VNA)

Hanoi (VNA)- The July consumer price index (CPI) CPI rose 0.13 percent against June, 2.39 percent year on year and 2.48 percent compared to December 2015, the General Statistics Office (GSO) reported on July 24.

The average CPI for the first seven months of this year increased 1.82 percent from the same period last year.

An upward trend was seen in five out of 11 goods and service groups, of which transport recording the highest rise at 1.19 percent, followed by goods and other services at 0.17 percent, housing and construction materials at 0.14 percent, beverage and cigarette 0.09 percent, and home appliances 0.06 percent.

The restaurant and food catering group saw prices dropping 0.05 percent while the post and telecommunications group posted a 0.1 percent decrease.

Deputy head of the Price Statistics Department Do Thi Ngoc said the growth of July’s CPI was due to increases in fuel prices and train tickets.

Meanwhile, hot weather also drove up prices of water and electricity by 0.14 percent and 1.16 percent, respectively. The scorching summer also pushed up the prices of some cooling products such as air conditioners, fridges and electric fans, she added.

The prices of food in the month reduced 0.64 percent against the month before due to abundant of domestic food supply.

During the month, gold prices fluctuated with the world’s gold prices and hit nearly 40 million VND (1,800 USD) per tael at a time but then quickly dipped and remained stable at around 36 million VND per tael.

The VND/USD exchange rate remained stable at 22,300 VND per USD.

The GSO evaluated that core inflation (the CPI without food and fresh foodstuff, energy and State-controlled commodities such as healthcare and education services) in the month increased 0.1 percent month-on-month and 1.85 percent year-on-year. The seven-month core CPI rose 1.81 percent from the same period last year.

The GSO also anticipated that the CPI of August will grow slightly due to rising prices of health services, school fees and school supplies.-VNA

VNA
#CPI #July #GSO #upward trend
Follow VietnamPlus

Related News

CPI up 0.54 percent in May

CPI up 0.54 percent in May

The consumer price index (CPI) in May increased by 0.54 percent compared to April, according to the General Statistics Office (GSO).
CPI rises an average 0.39 percent a month in H1

CPI rises an average 0.39 percent a month in H1

Vietnam’s consumer price index (CPI) in the first half of the year saw a slight rise at an average of 0.39 percent each month, reported the General Statistics Office (GSO) on June 24.
CPI rises slightly in H1

CPI rises slightly in H1

The consumer price index (CPI) in the first half of 2016 rose 1.72 percent compared to the same period in 2015.

See more

At the sixth Golden Brand Awards 2026 ceremony (Photo: VNA)

Ho Chi Minh City honours top 50 brands for 2026

The awards aim to recognise brands that can lead their industries, drive innovation and create a ripple effect across the business community, lifting the city’s standing in a new growth stage.

Luxury apartment projects in downtown Ho Chi Minh City (Photo: VNA)

Ho Chi Minh City's housing market sees price stabilisation, sharper buyer segmentation

According to Avison Young Vietnam, improved planning and infrastructure development have helped ease market uncertainty and prevented a complete freeze. More than 25,000 apartments are expected to enter the market in multiple launches between 2027 and 2030, with many projects scheduled to benefit from infrastructure improvements around 2030.

Vietnamese Deputy Minister of Industry and Trade Phan Thi Thang speaks at the forum (Photo: VNA)

Vietnam, Georgia look to more business opportunities

For Vietnamese firms, Georgia can serve as a gateway to broader regional markets, given its strategic location connecting the South Caucasus, Central Asia and China with European markets via the Black Sea.

Chairman of the Vietnamese Business Association in Laos (AVILA) Duong Dinh Bang (Photo: VNA)

PM’s visit injects fresh momentum into Vietnam-Laos special relations

At the 2026 Laos-Vietnam Investment Promotion Conference in Vientiane, the two PMs held direct dialogue with businesses and investors from both countries, affirming their determination to address bottlenecks in institutional frameworks, administrative procedures, transport infrastructure and payment connectivity. The goal of these efforts is to boost bilateral trade to 10 billion USD by 2030.

Deputy Secretary of the An Giang provincial Party Committee and Secretary of the Party Committee of the Phu Quoc special zone Dinh Van Noi speaks at the dialogue (Photo: baoangiang.com)

Phu Quoc moves to resolve infrastructure bottlenecks ahead of APEC 2027

Deputy Secretary of the An Giang provincial Party Committee and Secretary of the Party Committee of the Phu Quoc special zone Dinh Van Noi said an official information portal will be launched to receive public feedback, while hotlines for local leaders will allow businesses and residents to raise concerns directly.

Deputy Minister of Industry and Trade Phan Thi Thang at the forum. (Photo: VNA)

Vietnamese firms explore investment opportunities in Georgia

Priority areas with great cooperation potential include manufacturing, logistics infrastructure, renewable energy, tourism, hospitality, information and communications technology (ICT), and business process outsourcing (BPO), said a Georgian official.

Prime Minister Le Minh Hung and delegates launch the digital platform of the Vietnam Association of Small and Medium Enterprises (August 2026). Photo: VNA

Vietnamese businesses, entrepreneurs make growing contributions to national development

Vietnam Entrepreneurs’ Day is an opportunity to recognise businesses’ contributions and reinforce the entrepreneurial spirit, the pursuit of legitimate prosperity and national responsibility. With stronger policies and greater innovation, Vietnamese enterprises are expected to play an increasingly important role in economic growth and the country’s ambition to become a strong, prosperous nation.

A view at a CO.OPMART supermarket in Bac Ninh city (Photo: bacninh.gov.vn)

Bac Ninh’s CPI up 4.07% in nine months

The consumer price index (CPI) in Bac Ninh city rose 4.07% year-on-year in the first nine months of 2026, with housing and construction materials, education and transport recording the sharpest increases, according to the municipal Statistics Office.

Vietnam's textile - garment and footwear industries are aiming to shift from processing and assembly to stages with higher added value, increasing technology content and competitiveness. (Photo: VNA)

Vietnam’s supporting industries seek stronger domestic links

As global supply chains undergo major changes and environmental standards and digital technology requirements become more demanding, developing supporting industries has become essential to improving the competitiveness of the economy. This requires coordinated efforts by the Government, multinational corporations and domestic businesses.