
On average, in the first two months of 2024, the CPI increased by 4.44% compared to the same period in 2023. Compared to January, 5 groups of goods and services saw price increases and 5 groups saw price decreases, while the education group maintained stable prices.
Several commodity groups experienced significant price fluctuations, impacting the CPI considerably, such as: the transportation group, which increased by 2.56% due to a 5.89% rise in fuel prices; and the food and beverage group, which increased by 0.87%, driven by price increases in items like rice, livestock, poultry, and processed meat. The increase in the consumer price index in February was due to the Lunar New Year holiday, which led to increased consumer demand.
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