Vietnam’s consumer price index (CPI) in October rose 3.59 per cent year-on-year, according to the General Statistics Office (GSO).

The rise was attributed to higher education-related prices and higher rice prices in the domestic market following a rise in the export price.

Nine of the eleven key groups of goods and services recorded price hikes. Education-related prices recorded the highest increase, at 2.25 per cent year-on-year, contributing 0.14 percentage points to the CPI rise in October.

The prices of housing and building materials rose 0.27 per cent, water 0.48 per cent, house repair services 0.29 per cent, beverages and tobacco 0.15 per cent, restaurants and food services 0.06 per cent, and household appliances 0.03 per cent.

The CPI in the first ten months, meanwhile, increased 3.2 per cent compared to the same period of 2022.

GSO figures show that core inflation in October increased 0.09 per cent compared to September and 3.43 per cent year-on-year.

Core inflation in the first ten months rose 4.38 per cent year-on-year.

The figure was made lower by a decline in average petrol prices during the ten-month period, by 13.24 per cent year-on-year, and gas prices by 8.55 per cent.