The consumer price index (CPI) in the first quarter of 2023 is estimated to rise 4.2-4.3% year on year, according to the Price Management Department under the Ministry of Finance.
Hanoi (VNA)– The consumer price index (CPI) in the first quarter of 2023 is estimated torise 4.2-4.3% year on year, according to the Price Management Department underthe Ministry of Finance.
The department clarifieda number of major reasons behind the increase, including the rising price ofhousing and construction materials (7.2%), which pushed the CPI in the periodup by 1.4%.
Meanwhile, a 4.5%increase in the price of food and foodstuff due to high demand during theLunar New Year festival in early February also contributed 1% to the CPIincrease.
At the same time, education service prices rose 11% as somelocalities ended the tuition fee exemption and reduction scheme that aimed toease people’s difficulties during COVID-19 pandemic. This also led to 0.6% risein CPI in the period.
A 3.3% rise in theprice of electricity also pushed the CPI up by about 0.1%, the departmentadded./.
Vietnam’s consumer price index (CPI) in February grew by 0.45 % month-on-month, fueled by higher prices of oil, petrol, gas, and rental houses, the General Statistics Office said on February 28.
Vietnam’s consumer price index (CPI) in February rose 0.45% month-on-month, fuelled by higher prices of oil, petrol, gas, and rental housing, according to the General Statistics Office.
The consumer price index (CPI) of Hanoi in February rose 0.49% over January and 2.41% compared to the same period last year, the municipal Statistics Office reported.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
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Illustrative image (Source: VNA) 
