CPI increased by 0.48% in July.

Rising domestic fuel prices are one of the reasons for the 0.48% increase in the consumer price index (CPI) in July compared to the previous month.

According to the General Statistics Office, the Consumer Price Index (CPI) in July increased by 0.48% compared to the previous month. Compared to December 2023, the CPI in July increased by 1.89%, and compared to the same period last year, it increased by 4.36%. On average, for the first seven months of 2024, the CPI increased by 4.12% compared to the same period last year.

Of the 0.48% increase in the CPI in July compared to the previous month, 10 groups of goods and services saw price increases. The postal and telecommunications group, however, remained stable due to businesses and establishments continuing to implement promotional programs to stimulate consumer spending.

The Consumer Price Index (CPI) in July increased by 0.48% compared to the previous month. (Illustrative image: Minh Duc)

Core inflation in July rose 0.36% compared to the previous month, and increased 2.61% compared to the same period last year.

On average, in the first seven months of 2024, core inflation increased by 2.73% compared to the same period in 2023, lower than the overall CPI average (4.12% increase). This was mainly due to the increase in prices of food, electricity, education services, healthcare services, and gasoline, which are factors contributing to the CPI increase but are excluded from the list of items used to calculate core inflation.

According to the General Statistics Office, the main reasons for the 0.48% increase in the Consumer Price Index (CPI) in July 2024 compared to the previous month were the increase in domestic gasoline and diesel prices following world prices, increased demand for household electricity, and the adjustment of health insurance contributions based on the new basic salary.

In July, the gold price index decreased by 0.12% compared to the previous month; increased by 18.11% compared to December 2023; and increased by 29.39% compared to the same period last year. On average over the first seven months, the gold price index increased by 24.77%.

The USD price index also increased by 0.05% compared to the previous month; up 4.22% compared to December 2023; and up 7.14% compared to the same period last year. The average increase for the first seven months of 2024 was 5.85%.

Source: https://baoquangninh.vn/cpi-thang-7-tang-0-48-3311191.html