In the first 11 months of 2023, Ha Tinh's consumer price index (CPI) increased by 1.6% over the same period last year, of which urban areas increased by 1.42% and rural areas increased by 1.68%.
The decrease in gasoline prices contributed to the decrease in the consumer price index in November 2023.
According to the General Statistics Office, the decrease in gasoline and oil prices in the November adjustment periods was one of the main reasons contributing to the CPI decrease. Accordingly, Ha Tinh's CPI in November 2023 decreased by 0.59% compared to the previous month.
Of the 11 main groups of goods and services, 4 groups had price indexes that increased, 5 groups had price indexes that decreased, and 2 groups had no change in indexes. Specifically, goods and services with price indexes that decreased sharply compared to the previous month focused on the groups of housing, electricity, water, fuel, and construction materials; transportation; and post and telecommunications.
The chart shows the rate of increase and decrease of the consumer price index of groups of goods and services in the 11 months of 2023. Source: Provincial Statistics Office.
In the first 11 months of 2023, the CPI increased by 1.6% over the same period last year. According to the authorities, the consumer market has been generally stable since the beginning of the year, and the price increase of basic goods has been controlled. Goods with strong fluctuations are mainly concentrated in the groups of food, foodstuffs, gasoline, electricity and water for daily life, and the increase was concentrated in the first months of the year; in the last months of the year, the prices of these goods gradually stabilized. The general difficulties of the economy have limited the demand for luxury and high-value items, so retailers tend to reduce prices to stimulate consumption.
The General Statistics Office forecasts that in December 2023, the demand for purchasing goods for the New Year and Lunar New Year will increase, prices of some essential goods will tend to increase, therefore, the retail price index of goods and services in December 2023 is expected to increase accordingly.
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