Vietnam’s consumer price index–CPI–for medicines and medical services in October recorded significant annual growth, highlighting rising healthcare costs amid increased demand.
Compared to October 2023, the CPI for this sector was up by 8.28 percent, reflecting a notable increase in medical expenses. Since December 2023, prices have risen by 3.02 percent, indicating steady inflation in healthcare services and pharmaceutical products. The month-over-month change from September to October 2024, however, was minimal, with a slight 0.02 percent increase, suggesting stable pricing in the short term.
For the period from January to October 2024, the CPI for medicines and medical services rose by 7.54 percent over the same period in 2023. This sustained year-to-date growth reflects growing demand for healthcare services, potential supply chain challenges, and rising input costs for pharmaceuticals.
See also: Vietnam’s Pharmaceuticals Industry