A report from the General Statistics Office (GSO) this morning showed that the CPI in May increased slightly by 0.05 percent over last month. It surged 1.24 percent and 4.44 percent over December 2023 and the same period last year, respectively.
In May, there were seven groups of goods and services with an uptrend in the index over the previous month and three groups of goods with a downtrend in the index and one group with stable prices.
Besides, the core inflation rate in May increased 0.15 percent over April and up 2.68 percent over the same period last year.
On average, in the first five months of the year, the core inflation rate surged 2.78 percent over 2023, lower than the general average CPI of 4.03 percent as the rise in food, gasoline, educational and medical service prices was the main factor leading to the surge in CPI.
However, they were not included in the group of goods for counting the core inflation rate.
Not included in the CPI basket, the domestic gold price moved in the same direction as the global gold price.
By May 24, the world gold price on average surged 1.3 percent over April 2024. In the domestic market, the gold price in May increased 3.81 percent over April, up 21.47 percent over December 2023 and 32.18 percent over the same period last year.
On average, in the first five months of the year, the domestic gold price increased 22.95 percent over the same period last year.
