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CPI increased by 0.25% in November.

VTC NewsVTC News29/11/2023


The CPI also increased by 3.45% compared to the same period last year.

Of the 11 main consumer goods and services groups, 8 groups saw price increases compared to the previous month, 2 groups experienced price decreases, while the household equipment and appliances group remained unchanged.

The two categories of goods that saw price decreases were transportation (-0.01%) and food (-0.32%).

According to the General Statistics Office, the increase in medical service prices under Circular No. 22/2023/TT-BYT, the increase in tuition fees under Decree No. 81/2021/ND-CP, and the continued increase in domestic rice prices following export rice prices are the main reasons for the increase in the CPI in November 2023.

The Consumer Price Index (CPI) in November increased by 0.25% compared to the previous month. (Illustrative image)

The Consumer Price Index (CPI) in November increased by 0.25% compared to the previous month. (Illustrative image)

On average, the Consumer Price Index (CPI) for the first 11 months of 2023 increased by 3.22% compared to the same period of the previous year. Factors contributing to this CPI increase include: an average 87.29% increase in the airfare price index compared to the same period of the previous year; a 7.35% increase in the education price index; a 6.67% increase in the housing and construction materials price index; a 6.17% increase in the food price index; a 4.55% increase in the household electricity price index; a 3.36% increase in the beverage and tobacco price index; and a 4.51% increase in the price index of other goods and services.

Core inflation in November 2023 increased by 0.16% compared to the previous month and by 3.15% compared to the same period last year. On average for the first 11 months of 2023, core inflation increased by 4.27% compared to the same period in 2022, higher than the overall CPI increase (3.22%).

Specifically, the average domestic gasoline and diesel prices in the first 11 months of 2023 decreased by 12.12% compared to the same period last year, and gas prices decreased by 7.5%, which are factors that curbed the rate of increase in the CPI but are excluded from the list of items used to calculate core inflation.

The gold price index in November 2023 increased by 2.77% compared to the previous month; increased by 8.8% compared to December 2022; increased by 9.29% compared to the same period last year; the average increase for the first 11 months of 2023 was 3.38%.

The US dollar price index in November 2023 increased by 0.05% compared to the previous month; increased by 1.61% compared to December 2022; decreased by 1.03% compared to the same period last year; the average for the first 11 months of 2023 increased by 1.94%.

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