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Tel : 0086-0371-86172891
According to data from the Vietnamese A573 Grade 400 steel Bureau of Statistics, the Consumer Price Index (CPI) remained stable month on month in August 2024, with a 1.89% increase compared to December 2023. In the first eight months of 2024, CPI increased by 4.04% year-on-year. As an important economic indicator, CPI is usually used to measure the degree of inflation, and the most intuitive manifestation of CPI increase is the rise in prices.
From the perspective of core inflation rate, in August 2024, Vietnam's core inflation rate increased by 0.24% month on month and 2.53% year-on-year. In the first eight months of 2024, the core inflation A573 Grade 400 steel rate increased by 2.71% compared to the same period last year. Mainly due to the rise in domestic rice and pork prices, the prices of food and food services have increased, as well as the impact of electricity and educational activities. Specifically, out of the 11 major categories of consumer goods and services, 10 categories saw a slight increase in their price indices; Only transportation prices have decreased compared to last month. Due to the downward volatility of international commodities, gasoline prices in Vietnam have dropped by 5.83% and diesel A573 Grade 400 steel prices have dropped by 7.05%.
