CPI in January only inches up 0.52%

Tuesday, 31/01/2023 11:15
The Consumer Price Index (CPI) in January 2023 rose by 0.52% against December 2022 and increased by 4.89% over the same period last year, according to the General Statistics Office (GSO).
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 Photo for illustration. (Source: chinhphu.vn)

Basic inflation this month soared 5.21% over the same period last year, higher than the average CPI mainly due to reduction in gas prices and education service prices.

Total retail sales of consumer goods and services in January was estimated at 544,800 billion VND, up 5.2% over from previous month and 20% over the same period last year.

However, the total retail sales of consumer goods and services this month only reached 88.1% of this target in normal conditions with no COVID-19.

Because of the Lunar New Year (Tet) holiday in January, industrial production index this month decreased in 30 localities and increased in 33 localities nationwide against the same period last year.

Specifically, the industrial production index this month decreased by 14.6% from the previous month andby 8% from the same period last year.

The processing and manufacturing industry decreased by 9.1%, reducing 7 percentage points in the overall increase; mining industry by 4.9%, 0.8 percentage points; electricity production and distribution 3.4%, 0.3 percentage points; and water supply, waste and wastewater treatment and management activities increased by 3.7%, 0.1 percentage points./.

 

BTA

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