In October alone, the CPI edged up 0.2% from the previous month, 2.82% from December 2024, and 3.25% from a year earlier. Prices increased in 10 out of the 11 main goods and service categories, while transport was the only group to record a decline.
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In October alone, the food and catering services group rises 0.59% month-on-month, contributing 0.20 percentage points to overall CPI growth |
The food and catering services group rose 0.59% month-on-month, contributing 0.20 percentage points to overall CPI growth.
The education group climbed 0.51% last month, mainly due to a 0.56% increase in tuition fees at private and semi-public institutions in several provinces for the 2025-2026 school year, even as public schools benefits from tuition waivers and reductions under Government Decree No. 238/2025/ND-CP, issued on September 3. Prices of paper products, pens, and other stationery also edged up between 0.1% and 0.29%.
Prices of other goods and services advanced 0.43%, driven by a 9.82% rise in jewelry prices following global gold trends, along with slight increases in non-electric personal care tools (0.69%) and body care products (0.40%). Household equipment and appliances witnessed a price hike of 0.2% due to higher production and labor costs, while clothing, footwear and headwear gained 0.18% as cooler weather spurred shopping demand. Beverages and tobacco were up 0.12%, and culture, entertainment and tourism increased 0.06%.
The medicine and healthcare services group inched up 0.04%, while post and telecommunications rose 0.03%, with smartphone prices up 1.28%. The housing, electricity, water, fuel and construction materials group went up slightly by 0.01%, mainly reflecting higher home repair material costs (up 0.99%), rents (0.34%), and kerosene prices (0.56%).
In contrast, the transport category fell 0.81% in October, subtracting 0.08 percentage points from headline inflation. Diesel prices dropped 0.35%, and petrol fell 2.48% following domestic fuel price adjustments.
Domestic gold prices surged in tandem with global markets. The national gold price index jumped 12.53% in October, up 63.64% from December 2024 and 65.03% year-on-year. On average, the gold index rose 44.02% in the first ten months of 2025.
Meanwhile, the domestic U.S. dollar price index edged down 0.34% in October, though it rose 3.62% from December 2024 and 5.54% year-on-year. It grew 3.98% during the 10 months.
Core inflation rose 0.35% in October and 3.3% year-on-year. On average, it increased 3.2% in the first ten months, slightly below the headline CPI rate, as food, electricity, healthcare, and education, which saw price hikes, are excluded from the core calculation, according to the NSO.
Source: VNA