ỦY BAN GIÁM SÁT TÀI CHÍNH QUỐC GIA

Many localities eased the social distancing to facilitate circulation and transportation of goods, the people’s demand for storing consumer goods decreased, and the supply of goods was guaranteed, causing food and foodstuff prices to decrease in the month; the decrease in demand for electricity and water for daily life when the weather turns to autumn and house rents continue to drop to support people facing difficulties during the epidemic were the main reasons for the consumer price index (CPI) in October 2021 decreased by 0.2% compared to the previous month, increased by 1.67% compared to December 2020. In 10 months of 2021, CPI increased by 1.81% over the same period last year, the lowest increase since 2016[1]. Core inflation in 10 months increased by 0.84%.

CPI in October 2021 decreased by 0.2% compared to the previous month; increased 1.67% compared to December 2020 and increased 1.77% over the same period last year. The 10-month average CPI of 2021 increased by 1.81% over the same period last year, the lowest increase since 2016.

Core inflation[2] in October 2021 decreased by 0.17% compared to the previous month, increased by 0.5% over the same period last year. Average core inflation in the 10 months of this year increased by 0.84% ​​over the same period in 2020.

The domestic gold price fell in line with the world gold price. Domestically, the gold price index in October 2021 decreased by 0.21% compared to the previous month; down 1.85% compared to December 2020 and down 1.82% over the same period last year. US dollar price index in October 2021 decreased by 0.06% compared to the previous month; down 1.2% compared to December 2020 and down 1.48% over the same period last year due to limited demand for foreign currency trading amid the complicated developments of the Covid-19 epidemic.

[1] The average CPI growth rate of 10 months in 2016-2021 increased compared to the same period last year: 2.27%; 3.71%; 3.6%; 2.48%; 3.71%; 1.81% respectively.

[2] CPI after excluding fresh food, foodstuff, energy and goods managed by the State including health services and education services.

Source: gso