Vietnam's CPI rises 2.06% YoY in July 2023: GSO

01 Aug '23

1 min read

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Insights

Vietnam's national CPI in July 2023 grew by 0.45 per cent MoM, reflecting a 2.06 per cent increase YoY.
Core inflation rose 0.36 per cent from June, and 4.11 per cent YoY; among 11 categories used to measure CPI, 10 had higher prices, with other goods and services up 2.84 per cent.
The average CPI for Jan-Jul 2023 increased 3.12 per cent.

Vietnam’s national consumer price index (CPI) in July 2023 expanded by 0.45 per cent month-on-month (MoM), as per the General Statistics Office (GSO). This growth was stimulated by the heightened prices of various goods, reflecting an increase of 2.06 per cent year-on-year (YoY).

Core inflation in July grew by 0.36 per cent from the previous month, and 4.11 per cent YoY. Out of the 11 categories of goods and services used to measure the CPI, 10 witnessed higher prices than the previous month, the group of other goods and services reported the highest surge at 2.84 per cent, according to local media reports.

The average CPI for the first seven months of 2023 increased by 3.12 per cent against last year’s corresponding period, while core inflation rose by 4.65 per cent. A significant factor was the 3.71 per cent rise in the group of other goods and services over the same period last year.

Fibre2Fashion News Desk (NB)

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