Business

National CPI up 0.45% in July

The national consumer price index (CPI) in July grew by 0.45% month-on-month, fueled by higher prices of food, foodstuff and electricity, the General Statistics Office (GSO) said on July 29.
National CPI up 0.45% in July ảnh 1The national consumer price index (CPI) in July grew by 0.45% month-on-month due to higher prices of food, foodstuff and electricity. (Photo: VNA)

Hanoi (VNA) – The national consumer price index (CPI) in July grew by 0.45%month-on-month, fueled by higher prices of food, foodstuff and electricity, theGeneral Statistics Office (GSO) said on July 29.

This figurerepresents an increase of 2.06% compared to the same period last year. The July core inflation increased 0.36% from last month and 4.11% from the same period last year. 

Among the 11 groups of goods and services used to calculate theCPI, ten had higher prices than in the previous month, with the group of other goods and services reporting the highest rise of 2.84%.

Housing and construction materials rose by 0.51% month on month while transportationwent up 0.11%. Post and telecommunications is the only group with pricesdropping in the month, falling 0.12%.

The average CPI in the first seven months of 2023 rose by 3.12% against last year’s corresponding period while core inflation was up by 4.65%.

The GSO attributedthe seven-month CPI hike to the prices of educational services which increased by 7.61% compared to the sameperiod last year because some localities have increased school fees fromSeptember 2022 after exempting or reducing the fees in the 2021-2022 academicyear.

Another contributor to the CPI hike was the prices of housing andconstruction materials which went up 6.58% year-on-year due to the increase incement, iron, steel and sand prices in line with the price of input materialsand high housing rents. The group of other goods and services rose by 3.71%over the same period last year, mainly because health insurance servicesincreased following a hike in basic salary from July 2023.

The prices of culture, entertainment and tourism groups up by3.45% as the COVID-19 pandemic was put under control resulting in an increase inpeople's demand for entertainment and tourism.

In August, the gold price index fell by 0.03% against theprevious month, while the US dollar index rose 0.53%./.

VNA
#CPI #US dollar #gold price #housing and construction materials #hike #educational services #Vietnam Plus #Vietnam News Agency
Follow VietnamPlus

Related News

CPI increases by 0.01% in May

CPI increases by 0.01% in May

The General Statistics Office (GSO) on May 29 announced that the May consumer price index (CPI) increased by 0.01% month-on-month mostly due to increases in prices of food, electricity, and water.
Consumer price index rises 3.29% in H1

Consumer price index rises 3.29% in H1

Consumer price index (CPI) in the first six months of this year increased 3.29% year on year, while core inflation was estimated to rise 4.74%, said Nguyen Thi Huong, General Director of the General Statistics Office (GSO), at a press conference on June 29.
HCM City's CPI up 0.17% in June

HCM City's CPI up 0.17% in June

Ho Chi Minh City’s consumer price index (CPI) edged up 0.17% in June with eight out of 11 groups and services recording an increase in prices, according to the municipal Statistics Office.

See more

Vietnam is emerging as a preferred destination for many foreign enterprises (Photo: hanoimoi.vn)

Vietnam emerges as bright spot of growth, trusted and responsible partner

Despite a volatile global environment, Vietnam recorded solid gains in 2025. With flexible and proactive policies under the leadership of the Communist Party of Vietnam and the Government, all 15 key socio-economic targets were met or exceeded, while GDP expanded by about 8.02%, surpassing expectations.

An image of a Vietnamese game. CIS region has potential for gaming developers from Viet Nam. (Photo: Courtesy of cellphones.com.vn_

CIS: Opportunity for game developers in Vietnam

The CIS region, which includes Eastern Europe and Central Asia, has potential for gaming developers from Vietnam as this market displays user behaviour patterns that are highly favourable for mobile gaming growth, particularly around major holiday periods.

Banks, including MB Bank, have issued alerts about scams conducted via social media platforms such as Zalo and Facebook, where criminals impersonate acquaintances. (Photo: The Courtesy of MBBank)

Financial scams surge ahead of Tet

As the Lunar New Year (Tet) approaches, financial and banking scams in Vietnam are showing a sharp upward trend, prompting banks and law enforcement agencies to issue repeated warnings.

Hai Phong targets 4.3 billion USD in FDI in 2026 (Photo: VNA)

Hai Phong city targets 4.3 billion USD in FDI in 2026

Hai Phong’s investment appeal is underpinned by a rapidly expanding development space, including the Southern Coastal Economic Zone covering more than 20,000 hectares, a planned free trade zone, deep-water ports at Lach Huyen, and 12 industrial parks newly established in 2025.

The relocation of check-in counters aims to better meet the travel needs of residents and visitors. (Photo: VNA)

Vietjet shifts domestic check-in at Tan Son Nhat from January 13

During the recent New Year 2026 holiday peak, Vietjet added 380 flights, equivalent to nearly 78,000 additional seats, on many key domestic routes linking Hanoi and Ho Chi Minh City with destinations such as Vinh, Thanh Hoa, Hai Phong, Da Nang, Phu Quoc, Nha Trang and Da Lat.

Commercial banks are providing approximately 88% of total green credit outstanding in Vietnam. (Photo: nhandan.vn)

Capital sources expanded for sustainable growth

According to the State Bank of Vietnam (SBV), by the end of November 2025, outstanding green credit was estimated at around 750 trillion VND (28.55 billion USD), with an average growth rate exceeding that of overall credit in the economy.

Customers select goods at a supermarket. (Photo: VNA)

Retail market expands sharply, sustainability challenges persist

According to a report on recently released by the Ministry of Industry and Trade’s Agency for Domestic Market Surveillance and Development, the size of the market reached more than 7 quadrillion VND (about 266 billion USD) in 2025, up around 10% compared with 2024.

Oil rigs at the Bach Ho oil field. (Photo: VNA)

Resolution 79: State economy to lead growth

Resolution 79 is described as a “clear action declaration” by the Politburo, saying the state economy is not only responsible for maintaining macroeconomic stability, but must also become the force leading a new growth model that is green and sustainable.

Workers at Garment 10 Corporation produce apparel for export. (Photo: Nhan Dan)

Vietnam leverages export advantages within RCEP region

In 2025, seafood exports to China alone exceeded 2.2 billion USD, up about 33% compared to 2024. Shipments to Japan fetched nearly 1.7 billion USD, a year-on-year increase of 14.6%, while those to the Republic of Korea and Australia grew by 9.6% and 3.2%, respectively.

Certificates of membership in the Vietnam International Financial Centre in Da Nang are awarded at the conference on January 9. (Photo: VNA)

Da Nang continues targeted investment promotion approaches

According to Chairman of the Da Nang People’s Committee Pham Duc An, the city prioritises building sustainable economic ecosystems and focuses on key breakthrough sectors with strong spillover effects, including high technology and digital transformation, logistics, urban infrastructure, finance, processing and manufacturing industries, high-tech agriculture, and the pharmaceutical and medicinal herb industry.