Vietnam's average CPI increases over 3% in Jan-May 2023

The YoY rise in CPI has shown a decreasing trend from the commencement of the year, with figures falling gradually from 4.89 per cent in January to 2.43 per cent in May, according to the General Statistics Office (GSO).

The report also noted downward pressures on the CPI including dipping fuel prices. Core inflation in May, rose by 0.27 per cent compared to April and stood at 4.54 per cent higher than May of last year. Notably, the average core inflation during the first five months of this year saw an uptick of 4.83 per cent compared to the same period last year, outpacing the overall CPI growth rate of 3.55 per cent.

ALCHEMPro News Desk (NB)