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CPI growth in Jan-May lowest in five years

The country’s consumer price index (CPI) in the first five months of the year grew 1.29% year-on-year, the lowest for the period since 2016, according to the General Statistics Office.

A woman chooses egg products at a supermarket in HCM City. The country’s CPI growth in the first five months of the year was the lowest in the last five years. – Photo: VNA

In May alone, the CPI inched up 0.16% over the previous month and 2.9% against the same period last year, also the lowest for the month over the past five years.

In the January-May period, the core inflation, which excludes the prices of fresh food, energy and State-controlled healthcare and education services, edged up 0.82% versus the year-ago period.

The core inflation growth was lower than the CPI growth, proving that the CPI growth was mainly caused by an increase in the prices of fuels and gas.


The statistics on the country’s socioeconomic performance in May and the January-May period of this year released by the General Statistics Office:


Retail sales of goods: VND1,670.3 trillion, up 7.8%

Lodging, catering: VND196.9 trillion, up 4.6%

Traveling: VND4.3 trillion, down 48.2%

Other services: VND214.6 trillion, up 10.9%

Total: VND2,086.1 trillion, up 7.6%


Exports: US$130.94 billion, up 30.7%

Imports: US$131.31 billion, up 36.4%

TRADE DEFICIT: US$369 million


100.16% in May 2021 against previous month

102.9% in May 2021 over May 2020

101.29%: Average in Jan-May 2021 over Jan-May 2020

119.24%: Average gold price index growth in Jan-May 2021 over the year-ago period

99.15%: Average U.S. dollar price index growth in Jan-May 2021 over the year-ago period


The rising/falling rate of the index of industrial production over year-ago period

Mining: down 7.0%

Processing, manufacturing: up 12.6%

Electricity production and distribution: up 8.3%

Water supply, waste and wastewater management and treatment: up 7.5%

The whole industry sector: up 9.9%

Increasing/falling rate of some key industrial products

Phone accessories: up 36.4%

Mobile phones: up 22.2%

Footwear: up 12.6%

Electricity for production: up 8.5%

Pure coal: down 3.7%

Crude oil: down 9.5%


Newly-established enterprises: 55,767

Enterprises resuming operations: 22,564

Dissolved enterprises: 8,023

Enterprises with temporary suspension: 31,818


Vietnam inflation predicted to rise to 3.5% in 2021

Vietnam inflation predicted to rise to 3.5% in 2021

Vietnam’s economy with high level of openness could be susceptible to rising inflation as a result of growing global commodity prices.


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