Reasons for the increase in CPI, core inflation.

TPO - According to the General Statistics Office of the Ministry of Finance, the consumer price index (CPI) in September increased by 0.42% compared to the previous month. The average CPI for the third quarter increased by 3.27% compared to the third quarter of 2024. For the first nine months of the year, the CPI increased by 3.27% compared to the same period last year; core inflation increased by 3.19%.

Báo Tiền Phong•06/10/2025

On the morning of October 6th, the General Statistics Office held a press conference to announce the socio -economic statistics for the third quarter and the first nine months of this year.

According to Ms. Nguyen Thi Huong, Director of the General Statistics Office, the gross domestic product (GDP) is estimated to have increased by 7.85% in the first nine months of this year compared to the same period last year, only slightly lower than the 9.44% growth rate of the same period in 2022 during the 2011-2025 period.

Ms. Nguyen Thi Huong - Director of the Statistics Department.

In the service sector, domestic tourism increased sharply, especially during periods of celebrations for major national holidays, and the growth of the trade and service sector was outstanding. This group contributed the most to the added value of the economy, nearly 51.6%.

In the industrial and construction sector, production in many key industries increased significantly, making a substantial contribution to the overall economic growth. The added value of the entire industrial sector in the first nine months increased by 8.55% compared to the same period last year, contributing more than 35% to the overall growth rate of the total added value of the economy.

Despite being adversely affected by storms and floods, the agricultural, forestry, and fisheries sectors have maintained stable production levels thanks to the timely implementation of response and recovery measures.

The value added of the agriculture, forestry, and fisheries sector increased by 3.83% in the first nine months, only lower than the growth rate of the same period in 2011, 2018, and 2021 within the 2011-2025 timeframe.

GDP growth for the first nine months was 7.85%, only slightly lower than the record high of 2022.

The CPI in September increased by 0.42% compared to the previous month. The average CPI for the third quarter increased by 3.27% compared to the third quarter of 2024. For the first nine months of the year, the CPI increased by 3.27% year-on-year; core inflation increased by 3.19%.

Of the 0.42% increase in the CPI in September compared to the previous month, 10 groups of goods and services saw price increases, while the price index for the culture, entertainment, and tourism group decreased.

"The socio-economic performance in the third quarter and the first nine months of the year in our country has been very positive, with each month better than the previous one, and each quarter better than the previous one, despite the many uncertainties in the global and regional economies," Ms. Huong commented.

The agriculture, forestry, and fisheries sector continues to be a solid pillar of the economy with stable growth, ensuring the domestic supply of food, essential goods, and boosting exports; industrial production maintains its growth rate.

The rate of increase in total social investment was much higher than in the same period of the previous year. The average monthly income of workers increased, the unemployment rate and the underemployment rate among working-age people decreased; social security was given attention and implemented promptly and widely.

However, the Director General of Statistics also emphasized that in the last three months of the year, the socio-economic situation will continue to face many challenges due to the high degree of openness of the economy, the impact of global fluctuations, epidemics, and unpredictable natural disasters.

To achieve this year's growth target, the key solutions are: maintaining macroeconomic stability, accelerating public investment disbursement, attracting large-scale and high-tech projects; promoting innovation, e-commerce, export promotion, and improving the productivity of advantageous sectors; focusing on disease prevention, sustainable agricultural development, innovating tourism products, ensuring social security, and developing high-quality human resources. These are crucial tasks to both address challenges and create a foundation for long-term growth.