The Consumer Price Index (CPI) for housing and construction materials rose by 0.85 percent in November compared to October, reaching 5.06 percent, according to Vietnam’s General Statistics Office. This increase follows October’s figure of 4.21 percent, indicating a notable uptick in costs associated with housing and construction.
The sector has experienced fluctuations throughout the year, with September’s CPI at 4.37 percent and a mid-year peak of 5.60 percent in June. The rise in November reflects growing demand for construction materials and housing-related expenses as urbanisation continues to shape the market.
Housing and construction materials are critical to Vietnam’s infrastructure and real estate development, driving both economic activity and consumer spending. Changes in this sector’s CPI provide insights into broader economic trends and underline the importance of supply chain management to maintain price stability.
See also: Construction Industry in Vietnam