Core inflation comes at 2.59% year-on-year in the first nine months of 2020.
Vietnam's consumer price index (CPI), the main gauge of inflation, in September increased 0.12% against the previous month and 0.01% versus the end of 2019, both at the weakest levels in the 2016 – 2020 period, according to the General Statistics Office (GSO).
Data: GSO. Chart: Ngoc Thuy. |
Six out of 11 commodity groups that are components of the basket for CPI calculation witnessed month-on-month price hikes. Among them, education posted the sharpest increase.
Meanwhile, the CPI in the third quarter grew by 0.92% against the previous quarter and 3.81% year-on-year.
Overall, the CPI in the first nine months of this year has increased by 3.85% year-on-year.
According to the GSO, core inflation in the nine-month period was 2.59%.
Domestic gold prices continued the growing trend due to global uncertainties caused by the Covid-19 pandemic, with a decrease in prices as a result of investors booking profits, a better-than-expected recovery of the US economy and an appreciation of the US dollar against other currencies.
In September, gold prices in Vietnam declined by 0.33% month-on-month but soared 32.37% against last December and 30.33% year-on-year.
Other News
- Vietnam’s c.bank sells USD to stabilize exchange rate
- Central bank to auction gold to calm domestic market
- Vietnam's Central Bank ready to steady foreign exchange market
- Finance ministry clears bottlenecks to pave way for stock market upgrade
- Over 60% of Vietnamese use QR codes to pay
- Casinos contribute US$370 million to state budget over 5 years
- Standard Chartered and IATA partner to launch IATA Pay in Vietnam
- Vietnam’s capital market shows positive signs: Finance Ministry
- Prime Minister urges banks to cut lending rates further
- Potential upgrade to emerging status may pull US$25 billion into Vietnam’s stock market
Trending
-
Culture is national asset: Vietnam PM
-
Hanoi Times podcast - Apr. 20
-
Cultural similarities provide basis for Vietnam-Italy cooperation in various fields
-
[Video]Hanoi beauty spots featured in saxophone legend Kenny G's music video
-
Colorful stage shows in Hoan Kiem Lake pedestrian area
-
It happened as it had to happen
-
Hanoi street where dead appliances come back to life
-
Vietnam’s economy urged to rely on internal strengths to weather global uncertainties: ADB
-
Vietnam, Thailand advance realization of “Three Connections” strategy