The socio-economic report just released by the General Statistics Office shows that the Consumer Price Index (CPI) in August increased by 0.005% compared to the previous month. The reason is that the price of essential consumer goods and services increased with the price of input materials and the educational tuition fee in some localities increased again when entering the new school year. However, domestic gasoline prices have been continuously adjusted downward since July, making the consumer price index low.
In the increase of 0.005% of the consumer price index in August compared to the previous month, there were 9 groups of goods and services with an increase in price index, in which education; food and food services; culture, entertainment and tourism increased the highest. Meanwhile, two groups of goods and services recorded a decrease in the price index in August, namely post and telecommunications and transportation.
Also, according to the General Statistics Office, the consumer price index in August increased by 3.6% compared to December 2021 and increased by 2.89% over the same period last year. On average, in 8 months, CPI increased by 2.58% over the same period last year.