return icon Vietnamnet.vn

Vietnam's 2021 CPI lowest in five years: GSO

Vietnam's Consumer Price Index (CPI) edged up 1.84 percent year-on-year in 2021, the lowest ever recorded since 2016, according to the General Statistics Office (GSO).

{keywords}

 

The CPI picked up compared to 2020 largely due to a 31.74 percent surge in fuel prices this year which made up a 1.14 percentage point increase in the overall CPI, GSO General Director Nguyen Thi Huong told a press conference in Hanoi on December 29.

The CPI hike was also driven by domestic retail prices of gas which have been revised up nine times throughout the year, expanding 25.89 percent year-on-year, she noted, adding that it contributed to a 0.38 percentage point rise in the CPI.

Huong also noted the upturns of rice, construction materials and education service prices this year, which advanced 5.79 percent, 7.03 percent and 1.87 percent, respectively, against last year.

Meanwhile, prices of food dropped 0.54 percent year-on-year, with that of pork plunging 10.52 percent, causing the overall CPI to fall 0.12 percentage point, she said.

Electricity price declined 0.89 percent as part of Vietnam Electricity (EVN)’s aid package for customers affected by the COVID-19 pandemic, pushing the CPI down by 0.03 percentage point.

The pandemic has forced people to refrain from travelling, resulting in contractions of 21.15 percent in air fares and 2.32 percent in holiday packages.

The core inflation grew by 0.81 percent in 2021, the lowest since 2011, the GSO director said.

In December, the index slid 0.18 percent month-on-month but increased 1.81 percent from a year earlier.

Source: Nhan Dan

MORE NEWS

Vietnam Airlines plans to restore its entire flight network by the end of 2023

The restoration of international flight routes is an important condition for Vietnam Airlines to reduce losses and become profitable in the near future.

Saigon Zoo elephant dung used to make paper

A Saigon Zoo member of staff and a group of students are transforming elephant dung into paper.

Future of Hanoi’s 120-year-old Long Bien Bridge unclear

Long Bien Bridge, the iconic bridge across Hanoi’s Red River, has degraded, but no major repair plan has been finalized and its future is unclear.

Information & Communications Ministry works to create modern digital infrastructure

The Ministry of Information and Communications will exert efforts to create a modern and safe national digital infrastructure, and a new space for digital economic growth, and developing e-government towards the building of a digital government.

Vietnamese NA Chairman begins official visit to UK

National Assembly (NA) Chairman Vuong Dinh Hue arrived at Heathrow Airport in London on June 28 (local time), beginning his three-day official visit to the UK.

Vietnam to establish industrial environmental index

The Ministry of Planning and Investment (MPI) has called for the implementation of an industrial environmental index in Vietnam, according to Le Thanh Quan, head of MPI's department of economic zone management.

Rising costs cast doubt on wood companies growth prospects

As wood export turnover is rebounding with rising demand in the domestic market, the revenues of wood enterprises are expected to advance.

Vietnam’s GDP expands 7.72% in second quarter of 2022

Vietnam’s Gross Domestic Product (GDP) in the second quarter of this year was estimated to increase 7.72% year-on-year, higher than the growth rates in the same quarters during the 2011-2021 period.

Danish Crown Prince Couple to visit Vietnam in November

Wind energy and energy efficiency will be in focus during the visit, which will take place on November 1-2.

Spanish university offers well-being courses

Lisa Bevill, Academic Director of the Center for Health, Well-being, and Happiness at IE University of Spain, talks with VietNamNet about the university’s “well-being courses” which set a foundation for students to find “the next best you”.

Health Ministry denies oversupply of Covid-19 vaccines

Duong Thi Hong, Deputy Director of the Central Institute of Hygiene and Epidemiology, has confirmed that the current Covid-19 vaccine supply is only enough to give booster shots.

Domestic air transport sees fast recovery, airlines suffer loss due to rising fuel prices

Vietnamese airlines are suffering losses amounting to hundreds of billions of VND each month due to a surge in fuel prices, according to director of the Civil Aviation Authority of Vietnam (CAAV) Dinh Viet Thang.

Finding a way to make money from Saigon River

Ho Chi Minh City has the shape of a river city. However, urbanization and arbitrary construction has encroached on and gradually obscured the river.

Vietnam attracts more than 14 billion USD of FDI in H1

Vietnam reached more than 14 billion USD in foreign direct investment (FDI) in the first six months of 2022, announced the Ministry of Planning and Investment (MPI).

Vietnam needs to develop fintech services for SMEs

Vietnam needs to develop financial technology (fintech) services for small- and medium-sized enterprises (SMEs), according to experts.
back_to_top