Vietnam's CPI in May up 0.16%

The consumer price index (CPI)  increased by 0.16% in May compared to the previous month, according to the National Statistics Office.

As a result, the May CPI was up 1.53% compared to December 2024, and surged 3.24% year-on-year.

The main drivers behind the increase were higher costs for rental housing, home maintenance materials, electricity and dining out.

For the first five months of the year, the CPI jumped 3.21% year-on-year. Meanwhile, core inflation rose 3.1%, slightly below the overall CPI increase.

Among 11 major groups of goods and services, 10 saw price increases in May, while transportation prices declined.