Econ
Vietnam consumer prices down 0.29% m/m in November
Core inflation in November picked up 0.11% month-on-month, resulting in an increase of 1.72% year-on-year on average in the January - November period.
Vietnam's consumer price index (CPI), a gauge of inflation, saw a decline of 0.29% in November against the previous month, but is still up 3.46% year-on-year, according to the General Statistics Office (GSO).
The gauge marked an increase of 3.24% compared to the end of 2017.
Seven out of 11 commodity groups, which are components of the basket for CPI calculation, witnessed monthly hikes in prices, while the remaining four decreased.
Among them, transportation costs posted the sharpest decline of 1.81%. This was seen a result of a decrease in fuel retail prices on November 6 and 21, leading to a 4.1% decrease in the price and contributing 0.17 percentage points to the overall CPI growth.
Additionally, prices of housing, water and electricity supply, and construction materials down 0.64%, food and catering services 0.14%, post and telecommunications service 0.06%.
Other groups that also saw their prices pick up included education (0.05%); entertainment, and tourism (0.05%); beverages and cigarettes (0.07%); household equipment and appliances (0.08%); medicine and healthcare services (0.01%); goods and other services (0.15%); garment, footwear and hat group (0.26%).
Overall, the CPI expanded 3.59% year-on-year on average in the first 11 months, against the government target of 4%.
According to the GSO, core inflation in November picked up 0.11% month-on-month, resulting in an increase of 1.72% year-on-year on average in the January - November period.
This led to an increase of 1.46% in the core inflation rate in the first 11 months compared to the same period of 2017.
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Seven out of 11 commodity groups, which are components of the basket for CPI calculation, witnessed monthly hikes in prices, while the remaining four decreased.
Among them, transportation costs posted the sharpest decline of 1.81%. This was seen a result of a decrease in fuel retail prices on November 6 and 21, leading to a 4.1% decrease in the price and contributing 0.17 percentage points to the overall CPI growth.
Additionally, prices of housing, water and electricity supply, and construction materials down 0.64%, food and catering services 0.14%, post and telecommunications service 0.06%.
Other groups that also saw their prices pick up included education (0.05%); entertainment, and tourism (0.05%); beverages and cigarettes (0.07%); household equipment and appliances (0.08%); medicine and healthcare services (0.01%); goods and other services (0.15%); garment, footwear and hat group (0.26%).
Overall, the CPI expanded 3.59% year-on-year on average in the first 11 months, against the government target of 4%.
According to the GSO, core inflation in November picked up 0.11% month-on-month, resulting in an increase of 1.72% year-on-year on average in the January - November period.
This led to an increase of 1.46% in the core inflation rate in the first 11 months compared to the same period of 2017.
