Transport prices in Vietnam jump in February

Transport-related costs in Vietnam rose by 0.63 percent in February, contributing 0.06 percentage points to Vietnam’s Consumer Price Index. The rise was driven by increased travel demand at the beginning of the new year, leading to a 61.99 percent surge in rail passenger transport prices and a 25 percent increase in air passenger transport fares, according to Vietnam’s General Office of Statistics.

Taxi fares increased by 0.74 percent, road passenger transport prices rose by 0.26 percent, and waterway transport saw a modest 0.08 percent rise. Gasoline prices also increased by 0.61 percent due to domestic price adjustments, while auto parts rose by 0.23 percent, motorcycle tires and tubes by 0.24 percent, and other motorbike spare parts by 0.17 percent.

Self-driving car and motorbike rental services rose by 0.49 percent, driving tuition increased by 0.41 percent, vehicle maintenance services by 0.32 percent, and car washing and tire pumping services by 0.07 percent. In contrast, used car prices dropped by 0.08 percent, parking fees declined by 0.2 percent, and diesel prices fell by 1.7 percent.

See also: Automotive Industry in Vietnam

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