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| Illustrative image.__Source: VNA |
Vietnam’s consumer price index (CPI) in 2024 rose 3.63 percent year-on-year, meeting the target set by the National Assembly (NA), the General Statistics Office (GSO) reported on January 6.
Nguyen Thi Huong, head of the GSO, told a press conference in Hanoi that the index in the fourth quarter went up 2.87 percent from the corresponding time last year, and that in December increased 2.94 percent year-on-year.
She attributed the increase to the rising prices of food and services, particularly rice prices following export trends, the impact of natural disasters, and growing demand during holidays and celebrations.
Specifically, food prices grew by 12.19 percent year-on-year, rice prices up 15.93 percent, and catering services up 3.99 percent.
The prices of housing, electricity, water, fuels, and construction materials expanded by 5.2 percent year-on-year. In addition, the prices of drugs and medical services increased by 7.16 percent; educational services up 5.37 percent, and transportation up 0.76 percent.
Meanwhile, the prices of the post and telecommunications group in 2024 contracted by 1.02 percent compared to 2023 due to the decrease in the prices of old-generation phones as businesses launched discount programs to stimulate demand for smartphones.
Domestically, in December, the gold price decreased by 1.38 percent compared to the previous month, but rose 31.07 percent over the same period last year. For the whole year, it increased by 28.64 percent.
The average US dollar price in the free market was around VND 25,488, representing a rise of 4.91 percent year-on-year.- (VNA/VLLF)
