CPI rises 0.39 percent in November

According to a report by the Vietnam General Statistics Office released on November 24, the consumer price index (CPI) rose 0.39 percent in November, up 19.83 percent over the same period last year.

Although higher than the rate of increase of 0.36 percent in October, this month’s rate is still considered to be much lower than that of the first months of this year, as well as the same period in previous years.

The average CPI of the first eleven months of this year rose 18.62 percent year on year.

Compared with October, grain prices climbed the most at 3.25 percent. However, thanks to a decrease of 0.26 percent in food prices, the CPI of food and restaurant service groups only surged by 0.56 percent this month.

Clothes and footwear groups saw a strong price increase of 0.65 percent. House-wares and other commodities all rose 0.61 percent.

Meanwhile, transportation, post and telecommunication services, entertainment and tourism services enjoyed a price fall of 0.01 percent.

Gold price also climbed 0.27 percent over the previous months in November, up 25.31 percent over December last year.

This month’s CPI raised 17.5 percent higher than December last year. If CPI rises at a rate of increase below 0.42 percent next month, the country will successfully pin this year’s inflation at below 18 percent.

By Anh Phuong - Translated by Thuy Doan

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