Vietnam sees CPI up 5.56 pct in Q1, highest in 5 yrs

Source: Xinhua | 2020-03-28

The consumer price index (CPI) of Vietnam rose 5.56 percent year-on-year in the first three months of 2020, the highest in five years, the country's General Statistics Office (GSO) said Friday.

The impacts of the COVID-19 epidemic, the rise in fuel price in the globe and the consumers' increasing demand in food and foodstuff were the major reasons for the increased inflation rate, said Nguyen Bich Lam, head of the GSO.

In March alone, Vietnam's CPI increased by 4.87 percent year-on-year.

The CPI of Vietnam rose 2.79 percent in 2019, the lowest level in the three-year period. Vietnam has a targeted CPI of under 4 percent this year.