(MPI) – According to Report No. 27/BC-TCTK dated February 6, 2025 of the General Statistics Office on the socio-economic situation in January 2025, some localities adjusted medical service prices according to Circular No. 21/2024/TT-BYT, increased prices of transportation services and food due to increased travel and shopping needs of people during the Lunar New Year of At Ty, which were the main reasons for the consumer price index (CPI) in January 2025 to increase by 0.98% compared to the previous month. Compared to the same period in 2024, the CPI in January 2025 increased by 3.63%; core inflation in January 2025 increased by 3.07%.
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| Illustration photo. Photo: MPI |
In the 0.98% increase in CPI in January 2025 compared to the previous month, there were 09 groups of goods and services with increased price indexes and 02 groups of goods with decreased price indexes. Specifically, the group of medicines and medical services increased the most with an increase of 9.47% compared to the previous month; the group of transportation increased by 0.95%; the group of food and catering services increased by 0.74%; the group of beverages and tobacco increased by 0.69%; the group of other goods and services increased by 0.51%.
The garment, hat and footwear group increased by 0.38% due to increased labor costs, material costs, demand for winter clothing and preparation for the Lunar New Year. The housing, electricity, water, fuel and construction materials group increased by 0.35% (increasing the overall CPI by 0.07 percentage points). The household equipment and appliances group increased by 0.31% due to increased consumer demand during the wedding season and Lunar New Year. The culture, entertainment and tourism group increased by 0.27%, mainly focusing on the following items: Prices of flowers, ornamental plants and ornamental objects increased by 1.59% due to increased demand during the Lunar New Year 2025; package tours increased by 0.64%; hotels and guesthouses increased by 0.43%; books, newspapers and magazines of all kinds increased by 0.12%.
Two groups of goods and services with price indexes decreasing include: Education group decreased slightly by 0.04%; Post and telecommunications group decreased by 0.12%.
Core inflation in January 2025 increased by 0.42% compared to the previous month and by 3.07% compared to the same period last year. Core inflation increased by 3.07% compared to the same period last year, lower than the average CPI (up 3.63%), mainly due to the prices of food, foodstuffs, electricity and medical services, which are factors that increase the CPI but are excluded from the list of core inflation calculations./.
Source: https://www.mpi.gov.vn/portal/Pages/2025-2-7/Consumption-Indices-January-2025-Increased-0-98-So-vo2qan13.aspx
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