Vietnam’s CPI rises 2.43% in May
HCMC – The General Statistics Office has released data showing that Vietnam’s consumer price index (CPI) in May increased by 2.43% compared to the same period last year. In May, the CPI inched up by 0.01% from April and 0.4% compared to December 2022, mainly driven by higher prices of food,
HCMC’s CPI drops in April
HCMC – The consumer price index (CPI) of HCMC in April dropped a slight 0.11% month-on-month, but it was still 4.23% higher than the same period last year after a three-month rising streak in January-March, according to the city’s Statistics Office. Among the 11 groups of consumer goods and
Monetary policy for growth
Amidst current challenges – objective and subjective alike – fiscal policy has yet to deliver as good results as expected. Therefore, monetary policy should be more accommodative for economic growth, like the central bank’s recent interest rate cuts. Quick response In its report released on March
HCMC’s CPI rises 4.5% in Jan-Mar
HCMC – The Consumer Price Index (CPI) in HCMC this month inched up 4.5% on average in the year’s first quarter, according to the city’s Statistics Office. Among the 11 groups of consumer goods and services in the basket of items used to calculate the CPI, two groups registered a decline in prices,
Vietnam’s CPI inches up in Q1
HCMC – Vietnam’s consumer price index (CPI) in the year’s first quarter edged up around 4.3% year-on-year, showed official data. The Ministry of Finance attributed the CPI rise to a 7.2% increase in housing and construction material prices and a pickup of 4.5% in food prices. The increasing
Domestic airfare caps may increase from mid-2023
HCMC – The Ministry of Transport plans to revise up the caps on domestic airfares from the second or third quarter of this year, in which the upper ticket price limit on the 850-1,000-kilometer routes would inch up by over 6%. The price brackets for air services would be raised by 3.75% on average
Vietnam’s inflation forecast to reach 4.8% in 2023
HCMC – Vietnam’s inflation rate has been predicted to increase to 3.9-4.8% in 2023, close to the target of 4.5%, as inflationary pressures remain high in the second quarter of this year. The Ministry of Finance presented this forecast at a meeting of the Price Regulation Steering Committee on
Vietnam’s CPI edges up in February
HCMC – Vietnam’s consumer price index (CPI) in February rose by 0.45% month-on-month and 4.31% year-on-year, according to data released by the General Statistics Office today, February 28. The rise was attributed to higher local prices of fuels due to soaring global ones and increased renting
Vietnam’s CPI up in January
HCMC – Vietnam’s Consumer Price Index (CPI) in January edged up 0.52% month-on-month, according to the General Statistics Office. The index in January this year rose by 4.89% year-on-year, the highest growth rate in January in five years, the local media reported. The surge was attributed to
Gov works on securities, housing market overhaul
HCMC – The Government is working toward stabilizing macroeconomic conditions, curbing inflation and spurring growth this year, with a focus on restructuring the securities and real estate markets. The prime minister issued Decree 01 on economic development plans, budget revenue estimates and
Vietnam’s CPI inches up 3.15% in 2022
HCMC – Vietnam’s consumer price index (CPI) in 2022 rose 3.15% year-on-year, lower than the National Assembly target of 4%, according to the General Statistics Office (GSO). Fuel prices left a significant impact on the CPI. In specifics, 34 fuel price adjustments in the year resulted in domestic
Rising rent and fuel prices drive up CPI in November
HCMC – Vietnam’s consumer price index (CPI) in November has edged up a slight 0.39% over the previous month and 4.37% against the same period last year, according to data released by the General Statistics Office (GSO) today, November 29. GSO said in its report that November housing and