Vietnam's CPI up 3.15% YoY in 2022, core inflation rises by 2.59%

29 Dec 22 1 min read

Vietnam’s consumer price index (CPI) saw year-on-year (YoY) growth of 3.15 per cent in 2022, while core inflation increased by 2.59 per cent, according to the General Statistics Office (GSO), which recently said a surge in production demand to serve consumption and export coupled with soaring global commodity prices has fuelled a rise in prices of goods and essential services, but they are still under control.

GSO general director Nguyen Thi Huong said domestic petrol and oil prices had been adjusted for 34 times, increasing 28.01 per cent from a year earlier, while gas prices were up by 11.49 per cent, Vietnamese media outlets reported.

Huong said the government has ordered ministries, sectors and localities to formulate timely policies and implement concerted measures to minimise the adverse impacts of inflation on socio-economic development.

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