Vietnam’s consumer price index–CPI–compared to October 2023, has risen by 2.89 percent, showing a moderate annual increase in consumer prices. Since December 2023, the CPI has grown by 2.52 percent, suggesting a consistent upward trend through the year; and from September to October 2024, the CPI increased by 0.33 percent, indicating stable month-to-month price movements with minimal volatility.

For the cumulative period from January to October 2024, the CPI rose by 3.78 percent compared to the same period in 2023. This manageable increase reflects Vietnam’s efforts to balance inflation, supporting economic stability while ensuring purchasing power for consumers.

This has, however, come at a cost with prices kept low through state subsidies and price regulation. Electricity, for example, has been sold at a loss for some time which has seen the state power provider accumulate huge debts.

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