Consumer price index up 4.12% in 7 months

By VNA   July 29, 2024 | 07:34 pm PT
Consumer price index up 4.12% in 7 months
A customer shops in a supermarket in Ho Chi Minh City in June 2023. Photo by VnExpress/Thanh Tung
Vietnam’s consumer price index (CPI) in the January – July period inched up 4.12% from the same time last year,, according to the General Statistics Office (GSO).

Surging petrol prices, high demand for power, and adjusted health insurance premium pushed up the CPI in July to 0.48% as compared to the previous month.

Among the 11 main groups of consumer goods and services, 10 saw price hikes compared to the previous month, while postal and telecommunications services remained unchanged.

The group of medicine and medical services recorded the highest increase of 8.13%, followed by education with price climbing by 8% as a result of higher tuition fees in several localities during the 2023-2024 academic year.

Other goods and services grew 6.93%, with the fees of notary, insurance and other services expanding 17.86% and personal services 6.5%.

The group of transport recorded an increase of 4.4%, and that of food and catering services was up 4.27%.

Also in the month, domestic gold prices fell 0.12% as compared to June, while rising by 18.11% to December last year, and 29.39% year-on-year.

 
 
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