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According to data from the Vietnam SPCC steel General Administration of Statistics, the Consumer Price Index (CPI) for Vietnamese residents in July was 115.94, an increase of 0.48% compared to the previous month. The main reason for the increase in CPI in Vietnam in July is that the current domestic gasoline SPCC steel prices in Vietnam have risen along with the world price increase, domestic electricity demand has increased, and health insurance premiums have been adjusted based on the new basic wage. According to statistics, Vietnam's SPCC steel core inflation in July increased by 0.36% month on month and 2.61% year-on-year.