Average CPI in 2 months increased by 3.27% compared to the same period in 2024

On average, in the first two months of 2025, the Consumer Price Index (CPI) increased by 3.27% over the same period last year; core inflation increased by 2.97%.

The report just released by the General Statistics Office on the morning of March 6 shows that the increase in pork prices due to supply shortage, the price of eating out, rental housing prices and transportation service prices increasing according to consumer demand are the main reasons for the Consumer Price Index (CPI) in February 2025 to increase by 0.34% compared to the previous month; increase by 1.32% compared to December 2024 and increase by 2.91% compared to the same period in 2024.

On average, in the first two months of 2025, CPI increased by 3.27% over the same period last year; core inflation increased by 2.97%.

The average consumer price index in the first two months of 2025 increased by 3.27% over the same period last year. Illustrative photo

Also according to the General Statistics Office, in the 0.34% increase in CPI in February 2025 compared to the previous month, there were 9 groups of goods and services with increased price indexes and 2 groups of goods with decreased price indexes.

Specifically, 9 groups of goods and services had price index increases including: The transportation group had the highest increase of 0.63%, causing the general CPI to increase by 0.06 percentage points. The reason is that people's travel demand increased at the beginning of the new year, causing the price of passenger transport by rail to increase by 61.99%; the price of passenger transport by air to increase by 25%; passenger transport by taxi to increase by 0.74%; passenger transport by road to increase by 0.26%...

The housing, electricity, water, fuel and construction materials group increased by 0.55%, increasing the overall CPI by 0.1 percentage points, mainly due to the increase in house rental prices by 0.8% due to the large number of workers from the provinces returning to the city to find work after Tet and students returning to school, leading to high demand for house rental.

The food and catering services group increased by 0.43%, causing the overall CPI to increase by 0.14 percentage points, of which food increased by 0.41%, causing the overall CPI to increase by 0.09 percentage points; eating out increased by 0.75%, causing the overall CPI to increase by 0.06 percentage points; the food group alone decreased by 0.24%.

The group of medicines and medical services increased by 0.31%, of which the price index of the medical service group increased by 0.36% due to some localities implementing the application of new medical service prices according to Circular No. 21/2024/TT-BYT dated October 17, 2024 of the Ministry of Health regulating the method of pricing medical examination and treatment services.

The group of other goods and services increased by 0.18%, mainly increasing prices in some items: Jewelry group increased by 4.32%; wedding services increased by 0.31%; electric machines for personal care increased by 0.25%...

The culture, entertainment and tourism group increased by 0.17%; the beverage and tobacco group increased by 0.12% due to consumer demand during the New Year festivals, causing the price of alcohol to increase by 0.06%; cigarettes increased by 0.22%; non-alcoholic beverages increased by 0.07%.

The group of household equipment and appliances increased by 0.05% due to increased costs of raw materials and transportation. The education group increased slightly by 0.02% due to increased prices of stationery such as pens of all kinds increased by 0.3%; stationery and other school supplies increased by 0.37%; paper products increased by 0.1%.

The price index of two groups of goods and services decreased: the post and telecommunications group decreased by 0.03% and the clothing, hats, and footwear group decreased by 0.11% due to the decrease in demand for clothes and footwear after the Lunar New Year.

Core inflation in February 2025 increased by 0.3% compared to the previous month and by 2.87% compared to the same period last year. On average, in the first two months of 2025, core inflation increased by 2.97% compared to the same period last year, lower than the average CPI (up 3.27%) mainly due to the prices of food, foodstuffs, electricity, and medical services, which are factors affecting the increase in CPI but are excluded from the list of goods for calculating core inflation.

Source: https://congthuong.vn/cpi-binh-quan-2-thang-tang-327-so-voi-cung-ky-2024-377003.html