The Consumer Price Index (CPI) for garments, hats, and shoes increased marginally by 0.01 percent in November compared to October, according to Vietnam’s General Statistics Office. November’s CPI for this category stood at 1.14 percent, up slightly from October’s 1.13 percent, indicating minimal changes in pricing trends.
Garments, hats, and shoes form an essential part of household expenditure in Vietnam, driven by domestic demand and seasonal shopping patterns. The sector is also a significant contributor to the economy, supported by the country’s strong textile and footwear production capabilities.
Price stability in this category reflects balanced supply and demand dynamics. Monitoring CPI trends for garments and accessories provides insights into consumer behaviour and market conditions, which are vital for industry stakeholders and policymakers.
See also: Garment Manufacturing in Vietnam