Vietnam’s consumer price index–CPI–for housing and construction materials in Vietnam rose steadily in October 2024.
Compared to October 2023, the CPI for housing and construction materials rose by 4.21 percent, showing a notable year-over-year increase. Furthermore, since December 2023, prices in this sector have climbed by 3.70 percent, indicating consistent growth over the year. Month-over-month, the CPI saw a modest increase of 0.11 percent from September to October 2024, highlighting some stability in short-term price levels.
From January to October 2024, the CPI for housing and construction materials increased by 5.22 percent compared to the same period in 2023. This year-to-date growth underscores rising costs driven by factors such as supply chain pressures and raw material cost inflation.
See also: Construction Industry in Vietnam