November’s CPI rose by 3.28% compared to December 2024 and increased by 3.58% year-on-year.
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Within the 0.45% increase in November’s CPI compared to the previous month, nine groups of goods and services saw price index rises, while two groups experienced declines.
Nine groups with rising price indices include:
– Transportation increased by 1.07% (contributing 0.11 percentage points to overall CPI), with diesel prices up 5.23% and gasoline up 2.41% due to domestic fuel price adjustments. Additionally, motorcycle prices rose by 0.03%, and auto parts by 0.29%. Air passenger transport increased by 3.61%, and combined passenger transport by 0.57% due to higher travel demand. Parts and accessories rose by 0.31% due to increased import costs. Vehicle maintenance increased by 0.46%, including motorcycle repairs up 0.46% and bicycle repairs up 0.22% due to higher labor costs.
Conversely, some groups saw price declines: New car prices dropped by 0.40% as businesses reduced prices to stimulate demand before introducing new models; bicycles decreased by 0.05%; and used cars fell by 0.34%. Taxi fares declined by 0.03%.
– Food and catering services rose by 0.95% (contributing 0.34 percentage points to CPI), with food up 1.33%, dining out up 0.34%, and staples up 0.30%.
– Other goods and services increased by 0.30%, notably jewelry up 3.22% in line with global gold prices; non-electric personal items up 0.04%; body care and watch/jewelry repairs up 0.19%; funeral/celebration services up 0.22%; personal care services up 0.47%; and haircuts/hair washes up 0.79%.
– Household equipment and furnishings rose by 0.17% due to higher production and labor costs. Electric irons increased by 1.26%; electric kettles by 0.76%; wall mirrors by 0.72%; bowls/plates by 0.42%; electric thermos by 0.33%; in-home services by 0.27%; egg beaters by 0.26%; cabinets by 0.24%; gas stoves by 0.18%; and lighting, soap, detergents, and beds by 0.23%.
– Clothing, headwear, and footwear increased by 0.12% due to seasonal and year-end shopping demand. Fabric prices rose by 0.27%; ready-made clothing by 0.11%; other apparel by 0.28%; tailoring services by 0.55%; and shoe/footwear services by 0.30%.
– Beverages and tobacco rose by 0.10% due to higher raw material and production costs. Energy drinks increased by 0.04%; spirits and tobacco by 0.34%; canned beer by 0.16%; and bottled beer by 0.10%.
– Medicines and healthcare services increased by 0.06%, with hormonal and respiratory drugs up 0.13%; pain/anti-inflammatory drugs up 0.18%; vitamins/minerals up 0.19%; digestive drugs up 0.16%; and allergy/anti-infective drugs up 0.12%.
– Education rose by 0.05%, with educational services up 0.05% due to tuition hikes at some private schools for the 2025-2026 academic year, despite public school fee waivers/reductions under Decree 238/2025/NĐ-CP. Paper products increased by 0.06%; writing instruments by 0.23%; and stationery/school supplies by 0.13%.
– Culture, entertainment, and tourism increased by 0.01%, primarily due to flowers/plants up 1.26%; cameras/video recorders up 0.31%; sports venue rentals up 0.28%; cultural services up 0.19%; toys up 0.13%; and musical instruments up 0.12%. Conversely, packaged tours dropped by 0.38% due to promotional campaigns, and cinema/concert tickets fell by 0.16%.
Two groups with declining price indices include:
– Information and communication decreased by 0.06%, with phone accessories down 0.48%; smartphones/tablets down 0.34%; printers/scanners down 0.06%; and computers/accessories down 0.01%.
– Housing, utilities, and construction materials fell by 0.10%, mainly due to residential electricity down 1.53%; water down 0.34%; and gas down 1.15% following global price adjustments. Conversely, home maintenance materials rose by 0.62%; rents by 0.31%; kerosene by 6.39%; and home repair services by 0.48%.
Core inflation in November increased by 0.23% month-on-month and 3.28% year-on-year. Over the first eleven months of 2025, core inflation rose by 3.21% year-on-year, lower than the 3.29% average CPI increase. This is primarily because food, electricity, healthcare, and education—key drivers of CPI—are excluded from core inflation calculations.
– 09:25 06/12/2025
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