NSO director Nguyen Thi Huong told a press conference that in March alone, the CPI dropped slightly by 0.03 per cent month on month (MoM). However, it still rose by 1.3 per cent from December 2024 and by 3.13 per cent YoY.
Several measures have been taken by the government and those include ensuring stable supply chains, reducing lending rates, accelerating public investment and cutting value added tax, Huong was cited as saying by domestic media outlets. Market prices remain stable and inflation under control.
Vietnam’s consumer price index (CPI) went up by 3.22 per cent year on year (YoY), while core inflation rose by 3.01 per cent in the first quarter (Q1) this year, according to the National Statistics Office (NSO).
In March alone, the CPI dropped slightly by 0.03 per cent month on month.
However, it still rose by 1.3 per cent from December 2024 and by 3.13 per cent YoY in the month.
Ongoing military conflicts and political instability across the globe have forced many countries to maintain tight monetary policies, resulting in weak aggregate demand and slow global economic growth, she added.
Fibre2Fashion News Desk (DS)
