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The Festive Season’s High Consumer Demand Pushes January 2025 CPI Up by Almost 1%
Some localities have adjusted healthcare, transportation, and food prices, resulting in a higher CPI for January 2025. The increase is attributed to the rising demand for these services and goods during the Lunar New Year holiday.
Inflation Management Must Stay Grounded in Reality from the Start
In 2024, the consumer price index (CPI) rose by an average of 3.63% compared to 2023, remaining below the target set by the National Assembly. This marks a decade of Vietnam's successful inflation control, with an average rate below 4%. Experts suggest that maintaining a CPI increase of around 4.5% in 2025 to support a substantial 8-10% growth will be a challenging task, requiring decisive and meticulous management from governing bodies from the get-go.
“A Call for Doubling Down on Efforts: Aiming for 8% and Beyond”
Achieving a growth rate of 8% or higher in 2025 will pave the way for even higher growth rates in the following years, with aspirations to reach double digits, surpassing 10%. However, to attain this new growth target, it is imperative that all ministries, sectors, and local authorities demonstrate an even stronger resolve, doubling their efforts from previous years.
