VIETNAM’S CPI UP 3.29% IN JAN-NOV

A customer selects fresh fruit at a supermarket in HCMC - PHOTO: VNA

HCMC – Vietnam’s consumer price index (CPI) rose 0.45% in November from the previous month, driven by higher food prices following recent natural disasters and an upward adjustment in fuel prices.

Data from the National Statistics Office showed average CPI in the first 11 months of the year increased 3.29% year-on-year, while core inflation rose 3.21%. The figures indicate that inflation control efforts remain on track despite persistent pressures from healthcare price adjustments and rising housing, utilities, and construction material costs.

November’s CPI was up 3.28% from December 2024 and 3.58% from a year earlier. Gold prices continued to surge to record highs, reinforcing the metal’s appeal as a safe-haven asset amid global geopolitical uncertainty.

Food prices climbed 1.33% in November, heavily affected by storms and floods that disrupted supply chains nationwide. Fresh, dried and processed vegetables posted the sharpest increase, soaring 12.71% month-on-month, with several provinces reporting price spikes of 10% to 62%.

Prices of other fresh foods also moved higher. Fresh seafood rose 0.87% due to reduced catch activity, while egg prices increased 1.14% amid stronger demand and declining supply after flooding. Poultry meat prices edged up 0.28% for similar reasons.

Source: The Saigon Times