Tuesday, 31/10/2023 11:30 (GMT+7)
Rise in tuition fees in some localities and domestic rice price increases are the main reasons the consumer price index (CPI) in October 2023 surged by 0.08% compared to the previous month.
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| In October 2023, rice prices increase by 4.78% causing a slight increase in overall CPI. (Photo: hanoimoi.vn) |
CPI this month increased by 3.2% compared to December 2022 and soared by 3.59% compared to the same period last year.
On average, 10-month CPI increased by 3.2% over the same period last year; core inflation rose by 4.38%.
According to GSO, among 11 main consumer goods and service groups, 9 groups saw price rises compared to the previous month and 2 groups (food and transportation) witnessed price decrease.
Among the 9 commodity groups with price rise, education has the highest price rise in October (up 2.25%). Other groups also saw price rise, including housing and building materials (0.27%), water (0.48%), house repairing services (0.29%), drinks and tobacco (0.15%), restaurants and food services (0.06%), and household appliance (0.03%).
The GSO pointed out that core inflation in October increased by 0.09% over the previous month, up 3.43% over the same period last year. On average, in the first ten months of 2023, core inflation increased by 4.38% compared to the same period in 2022, higher than the general average CPI increase of 3.2%.
The main reason is that the average domestic petrol price in the ten months of 2023 decreased by 13.24% over the same period last year, and gas prices decreased by 8.55%./.
BTA