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| The December domestic gold price moved up 3.98 percent from the previous month and 13.13 percent year-on-year__Photo: VNA |
Vietnam’s consumer price index (CPI) in 2023 is estimated to rise 3.25 percent year-on-year, meeting the target set by the National Assembly (NA), the General Statistics Office (GSO) reported on December 29.
Nguyen Thi Huong, head of the GSO, told a press conference in Hanoi that the index in the fourth quarter went up 3.54 percent from the corresponding time last year, and that in December increased 0.12 percent month-on-month and 3.58 percent year-on-year.
She attributed the December increase to the rising medical costs, tuition fees, and prices of electricity and rice, adding among the 11 commodity groups, 10 saw year-on-year hikes and the rest – post and telecommunications - experienced a decline of 1.36 percent.
For the whole year, the prices of housing and construction materials expanded by 6.58 percent; food, up 6.85 percent; electricity, 4.86 percent; drugs and medical services, up 1.23 percent; and other goods and services, up 4.65 percent. Meanwhile, petrol prices dropped 6.94 percent from the previous year, and post and telecoms down 0.81 percent.
The December domestic gold price moved up 3.98 percent from the previous month and 13.13 percent year-on-year, contributing to the yearly average growth of 4.16 percent.
The average US dollar price in the free market was around VND 24,426 in the year. The December price decreased by 0.56 percent month-on-month, but up 1.04 percent over the same period last year.
December core inflation also inched up 0.17 percent month-on-month, and 2.98 percent year-on-year, leading to the yearly average growth of 4.16 percent.- (VNA/VLLF)
