Vietnam’s consumer price index–CPI–for Vietnam’s food and food services sector in October 2024 shows a marked increase, indicating sustained demand and inflationary pressures within this essential category.
Compared to October 2023, prices in food and food services rose by 4.45 percent, reflecting higher annual costs for consumers. Since December 2023, the CPI for this sector increased by 4.23 percent, suggesting consistent price growth throughout the year. From September to October 2024, the sector’s CPI rose by a modest 0.55 percent, pointing to manageable month-to-month inflation.
Year-to-date, from January to October, the CPI for food and food services is up by 4.04 percent over the same period in 2023. This steady increase highlights ongoing demand and cost factors affecting food-related expenses, driven by factors like global supply chain fluctuations and rising raw material costs.