Escalating food and petrol prices push up CPI to 1.92% in Q1

VOV.VN - The recent surges in the price of food and petrol has led to the consumer price index (CPI) to rise by 1.92% in the first quarter of the year while core inflation also soared by 0.81%, the General Statistics Office (GSO) announced on March 29.

The GSO pointed out that gasoline prices soared in line with global fuel prices, while rental housing prices also edged up again after the COVID-19 pandemic was finally brought under control in the nation.

Furthermore, the price of essential consumer goods and services also inched up due to the escalating prices of input materials and petrol.

These factors resulted in the CPI in March expanding by 0.7% compared to the previous month, marking a climb of 1.91% compared to December last year and up 2.41% against the same period last year.

The GSO’s latest report highlights that core inflation in March also rose by 0.29% over the previous month,  marking a rise of 1.09% on year.

The first quarter of the year saw average core inflation increase by 0.81% compared to the same period last year, lower than the general average CPI.

Nguyen Thi Huong, general director of the GSO, attributed the CPI rise to the impact of various economic, social, and political factors worldwide, along with the economic recovery momentum in the country and many other nations globally.

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