(PLVN) - The increase in prices of transportation services and food due to increased demand for travel and shopping during the Lunar New Year are the main reasons for the consumer price index (CPI) in January 2025 to increase by 0.98% compared to the previous month.
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| People's travel and shopping needs increased during the Lunar New Year, pushing the CPI in January 2025 up 0.98% compared to the previous month. (Photo: Thanh Ha) |
(PLVN) - The increase in prices of transportation services and food due to increased demand for travel and shopping during the Lunar New Year are the main reasons for the consumer price index (CPI) in January 2025 to increase by 0.98% compared to the previous month.
According to the recently released report of the General Statistics Office, the consumer price index (CPI) in January 2025 increased by 0.98% compared to the previous month. Compared to the same period in 2024, the CPI in January increased by 3.63%; core inflation in January 2025 increased by 3.07%.
The General Statistics Office explained that the reason for the CPI increase in January was due to some localities adjusting medical service prices according to Circular No. 21/2024/TT-BYT and the sudden increase in demand during the Lunar New Year, causing prices of transportation services and food to increase.
In the 0.98% increase in CPI in January 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, the groups of goods and services with increased price indexes include: The group of medicines and medical services increased the most with an increase of 9.47% compared to the previous month, causing the general CPI to increase by 0.51 percentage points; The group of transportation increased by 0.95% (causing the general CPI to increase by 0.09 percentage points); The group of food and catering services increased by 0.74% (causing the general CPI to increase by 0.25 percentage points).
In addition, the beverage and tobacco group increased by 0.69% due to increased demand for consumption and use as gifts during the Lunar New Year, causing the price of alcohol to increase by 0.8%; cigarettes increased by 0.7%; non-alcoholic beverages increased by 0.36%; Other goods and services group 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%.
Two groups of goods and services with price indexes decreasing include: Education group decreased slightly by 0.04% and post and telecommunications group decreased by 0.12%.
A report from the General Statistics Office also showed that core inflation in January 2025 increased by 0.42% over the previous month and by 3.07% over the same period last year.
Core inflation increased by 3.07% over 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 affecting the CPI increase but are excluded from the list of goods for calculating core inflation.
Domestic gold prices fluctuate in the same direction as world gold prices. As of January 27, 2025, the average world gold price was at 2,719.63 USD/ounce, up 2.26% compared to December 2024 due to investors' concerns about rising global inflation as some policies of US President Donald Trump, including imposing high tariffs on imports from China, Mexico and Canada, have increased the attractiveness of gold. Domestic demand for gold purchases before the Lunar New Year increased, causing the gold price index in January 2025 to increase by 1.03% compared to the previous month; up 29.13% compared to the same period last year.
As of January 27, 2025, the US dollar price index in the international market reached 108.57 points, up 1.49% over the previous month due to the increase in US government bond yields. Domestically, the average US dollar price in the free market was around 25,518 VND/USD. The US dollar price index in January 2025 increased by 0.21% over the previous month; up 3.98% over the same period last year.
Source: https://baophapluat.vn/nhu-cau-tieu-dung-dip-tet-nguyen-dan-tang-cao-day-cpi-tang-xap-xi-1-post539146.html
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