The consumer price index (CPI) in November rose by a slight 0.13% against the previous month and 2.62% from a year earlier, according to the General Statistics Office (GSO).

The average CPI in the first eleven months of 2017 increased by 3.61% compared with the same period last year.

Price rises were recorded in 8 out of 11 groups of goods and services used to calculate inflation, with the largest gain seen in transport costs, up 0.68% month on month, followed by 0.2% in healthcare and 0.15% in footwear and clothes.

VN's CPI from Jan to Nov (source: bizlive)

According to Do Thi Ngoc, deputy head of the GSO’s price statistics department, the CPI increase in November was mainly caused by rising food prices as a result of typhoons and higher fuel costs after two rounds of hikes.

In November, domestic gold prices fell by 0.3% against the previous month, fluctuating around VND3.639 million a tael of SJC gold while the US dollar remained relatively stable at VND22,680 a dollar.

According to the GSO, core inflation, which includes the price of food, energy and government-regulated goods, averaged at 1.42% in the first eleven months of the year.

The GSO’s price statistics department projected that CPI in December would increase slightly from November as a result of price rises in food; healthcare costs, building materials and fuel.