The CPI growth recorded in February was primarily driven by the rise in prices of pork due to a supply shortage, as well as high prices in food and catering services, rental houses, and transportation services according to consumer demand

A total of nine groups of goods and services witnessed price hikes, of which transportation recorded the largest increase of 0.63%.

The housing, electricity, water, fuel, and construction materials category ranked second, up 0.55%. This was followed by the food and catering services up 0.43%; medicine and medical services up 0.31%; other goods and services up 0.18%; as well as culture, entertainment, and tourism group up 0.17%.

In contrast, two categories of goods and services witnessed a downturn in price, namely post and telecommunications and clothing, hats, and footwear.

According to the GSO, core inflation in February inched up 0.3% compared to the previous month and 2.87% compared to the same period from last year.

Meanwhile, core inflation of the first two months this year increased by 2.97% year on year, lower than the average CPI of 3.27%, mainly due to the rising prices of food, foodstuffs, electricity, and medical services.

August’s CPI rises 3.45% year on year, says GSO

VOV.VN - The Vietnamese consumer price index (CPI) in August edged up 1.89% compared to December 2023, and up 3.45% against the same period last year, according to the latest report released by the General Statistics Office (GSO).