Eating outside the family prices rose by 0.14 percent in December 2024 compared to November, according to Vietnam’s Consumer Price Index (CPI). This monthly increase highlights stable demand in the food service sector.
Year-on-year, prices were up 3.95 percent in December 2024 compared to the same month in 2023. For the full year, prices for dining out rose by 3.99 percent over 2023.
The Consumer Price Index for Vietnam’s food and beverage industry reflects the overall price movement in this critical sector, which significantly influences the country’s inflation rate due to its weight in household consumption. Food and beverages account for a large share of Vietnam’s CPI basket, making it a key driver of inflation trends. Factors such as seasonal fluctuations, supply chain disruptions, and global commodity prices significantly impact the sector’s CPI.
In recent years, the CPI for food and beverages has shown variability, influenced by domestic and international factors such as rising input costs (e.g., animal feed and fertilisers), weather-related disruptions in agricultural production, and shifts in global supply chains. Vietnam’s reliance on imports for certain products, coupled with increasing demand for processed and premium goods, has also contributed to price changes.
The Vietnamese government monitors the sector closely, implementing policies to stabilise food prices and ensure supply, particularly during key periods such as holidays or when facing disruptions. As the industry continues to expand, incorporating more processed and value-added goods, the CPI for food and beverages will remain an important indicator of economic stability and consumer purchasing power.
See also: Food and Beverage Industry in Vietnam