The Consumer Price Index (CPI) for drinks and tobacco in Vietnam increased by 0.08 percent in November compared to October, according to Vietnam’s General Statistics Office. November’s CPI in this category stood at 2.34 percent, slightly higher than October’s 2.26 percent, reflecting a marginal rise in consumer spending on beverages and tobacco products.
The drinks and tobacco sector forms a steady component of consumer expenditure in Vietnam, influenced by lifestyle trends, festive demand, and pricing adjustments. It also contributes significantly to government revenue through excise taxes and duties.
Price changes in this category are often driven by shifts in production costs and evolving consumer preferences. Understanding these trends is essential for policymakers and businesses to adapt to market dynamics and support economic growth.
See also: Food and Beverage Industry in Vietnam