Petrol and gas prices increase according to world fuel prices; localities gradually returned to the “new normal” status, causing the price of goods and services to tend to increase, which were the main reasons why the consumer price index (CPI) in November 2021 increased by 0.32% compared to the previous month, up 2% compared to December 2020 and up 2.1% compared to November 2020. In 11 months of 2021, CPI increased by 1.84% over the same period last year, the lowest increase since 2016[1]. Core inflation in 11 months increased by 0.82%.

The Consumer Price Index (CPI) in November 2021 increased by 0.32% compared to the previous month, up 2% compared to December 2020 and up 2.1% compared to November 2020. In the 11 months of 2021, CPI increased by 1.84% compared to the same period last year.

Core inflation[2] in November 2021 increased 0.11% over the previous month, up 0.58% over the same period last year. Average core inflation in 11 months of this year increased by 0.82% over the same period in 2020.

The US dollar in world markets rose amid soaring US inflation – the highest level in more than 30 years. Domestically, the foreign currency reserve of the State Bank of Vietnam is abundant to meet the foreign currency demand of importing enterprises. US dollar price index in November 2021 decreased by 0.21% compared to the previous month; down 1.4% compared to December 2020 and down 1.63% over the same period in 2020; an average of 1% decrease in 11 months of 2021.

[1] The average CPI growth rate of 11 months in 2016-2021 increased compared to the same period last year: 2.47%; 3.61%; 3.59%; 2.57%; 3.51%; 1.84% respectively.

[2] CPI after excluding fresh food, foodstuff, energy and goods managed by the State including health services and education services.