Gasoline prices were adjusted three times in a row this month (August 1, 11 and 21) due to the impact of world fuel prices; prolonged hot weather increased the prices of beverages, electricity and water; students entering school increased the rental price, which were the main reasons for the Consumer Price Index (CPI) in August 2023 to increase by 1.75% compared to the previous month, and by 4.18% compared to the same period last year.
Eleven out of eleven commodity groups had price indexes increasing compared to the previous month: Housing, electricity, water and construction materials increased by 6.55%; Transportation increased by 3.43%;Education increased by 0.74%; Beverages and tobacco increased by 0.51%; Food and catering services increased by 0.69%; Culture, entertainment and tourism increased by 0.17%; Apparel, hats and footwear increased by 0.17%. Household appliances and equipment increased by 0.17%; Post and telecommunications increased by 0.08%; Other goods and services increased by 0.07%; Medicines and medical services increased by 0.02%.
On average, in the first 8 months of 2023, the consumer price index increased by 2.74% over the same period last year. There were 10 groups of goods that increased compared to the same period last year, including: Education increased by 12.74%; Beverages and tobacco increased by 5.66%; Food and catering services increased by 4.22%; Housing, electricity, water and construction materials increased by 4.03%; Other goods and services increased by 4%; Apparel, hats and footwear increased by 2.74%; Household appliances and goods increased by 2.01%; Culture, entertainment and tourism increased by 1.84%; Medicines and medical services increased by 0.21%; Post and telecommunications increased by 0.16%.
There is one group of goods that decreased compared to the same period, which is transportation, down 5.17%.
The gold price index in August 2023 increased by 0.89% compared to the previous month, up 6.61% over the same period. The average for the first 8 months of 2023 increased by 2.74% over the same period. Domestic gold prices fluctuated in the same direction as world gold prices.
The US dollar index increased by 0.53% compared to the previous month, down 5.34% compared to the same period. The average for the first 8 months of 2023 decreased by 4.41% compared to the same period.
Revenue from other services in August 2023 is estimated at VND 1,534.4 billion, accounting for 14.37% of total retail sales of goods and services, up 23.05% over the previous month, up 78.73% over the same period last year. Accumulated revenue from other services in the first 8 months of 2023 reached VND 7,876.5 billion, accounting for 10.29% of total retail sales of goods and services, up 26.8% over the same period.
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