12/06/2024 12:01

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(PLVN) - According to the General Statistics Office, the increase in the price index of household electricity, rental housing prices and housing maintenance materials... are the reasons why the consumer price index (CPI) in November 2024 increased by 0.13% compared to the previous month.

This morning (December 6), the General Statistics Office announced the socio-economic situation report for November and the first 11 months of 2024. According to the report, the consumer price index (CPI) in November 2024 increased by 0.13% compared to the previous month. Compared to December 2023, the CPI in November increased by 2.65% and compared to the same period last year, it increased by 2.77%.

Specifically, in the 0.13% increase in CPI in November 2024 compared to the previous month, there were 8 groups of goods and services with increased price indexes and 3 groups of goods with decreased price indexes.

In particular, the groups of goods and services with increased price indexes include: Housing, electricity, water, fuel and construction materials group increased the highest with an increase of 0.87%, mainly in the price of kerosene, gas; price of home repair services due to increased demand at the end of the year; house rental price increased due to high price of real estate and apartments; price of housing maintenance materials increased due to increased price of cement, steel in the context of increased price of electricity, coal, packaging; price of household electricity increased by 2.03% compared to the previous month due to Vietnam Electricity Group (EVN) adjusting the average retail price of electricity from October 11, 2024.

In contrast, domestic water prices decreased by 0.43% due to the transition to winter weather, which reduces consumer demand.

In addition, other goods and services groups increased by 0.29%, including jewelry prices, watch repairs, etc. The beverage and tobacco group increased by 0.26% due to the increase in raw material prices for beverage production and the US dollar exchange rate.

The garment, hat and footwear group increased by 0.21% due to increased labor costs, materials and shopping demand when the weather changed seasons; the culture, entertainment and tourism group increased by 0.2%; the education group increased by 0.11%; the household equipment and appliances group increased by 0.08% due to increased consumer demand during the wedding season and the weather changing to winter. The medicine and medical services group increased by 0.05% due to the changing weather seasons...

On the contrary, there are 3 groups of goods and services with price indexes decreasing, including: Transportation group decreased by 0.07%; Food and catering services group decreased by 0.22%; Post and telecommunications group decreased by 0.3%.

Core inflation in November 2024 increased by 0.24% compared to the previous month and increased by 2.77% compared to the same period last year. On average, core inflation in the first 11 months of 2024 increased by 2.7% compared to the same period in 2023, lower than the average CPI increase (3.69%).

Gold price index in November 2024 increased by 2.26%

As of November 27, the average world gold price was at 2,696.8 USD/ounce, up 0.12% compared to October 2024. In early November 2024, the world gold price decreased significantly after Republican candidate Donald Trump won the US presidential election as investors adjusted their portfolios and waited for new economic policies from the President-elect.

However, this decline only lasted for a short time, gold prices quickly recovered in the following weeks due to factors such as: Geopolitical tensions and expectations of interest rate cuts from the US Federal Reserve (FED)...

Domestically, the gold price index in November 2024 increased by 2.26% over the previous month; increased by 32.91% over December 2023 and increased by 38.2% over the same period last year; on average in the 11 months of 2024, the gold price index increased by 28.42%.