The Consumer Price Index (CPI) rose 0.39 per cent month-on-month in November and 4.37 per cent year-on-year due to increases in house rental costs and adjusted gasoline prices in line with global market trends, the General Statistics Office (GSO) has reported.

The GSO attributed the eleven-month CPI hike to rising gasoline prices, which were adjusted 31 times in the period.

On average, domestic gasoline prices increased 31.76 per cent year-on-year between January and November, it said.

With Covid-19 brought under control, demand for restaurant services bounced back, leading to a 4.78 per cent rise in dining-out prices in the period.

Eleven-month core inflation rose 2.38 per cent from a year earlier; lower than CPI growth of 3.02 per cent, showing that changes in consumer prices are being mainly driven by fluctuations in food, foodstuff, and gasoline prices, according to the GSO.