HANOI, Dec. 29 (Xinhua) -- Vietnam's consumer price index (CPI) rose 3.25 percent in 2023, meeting the target set by its top legislature, according to the General Statistics Office (GSO) on Friday.
The rise in CPI, which measures changes in the prices paid by consumers for a basket of goods and services, was mainly driven by increasing tuitions, surging housing and construction material prices, and rising prices of other items including rice, food, beverages and cigarettes.
Meanwhile, the CPI growth was offset by lower prices of fuel, gas and telecommunication, among others.
In December alone, the index increased 0.12 percent against November and rose 3.58 percent compared to the same period last year.
Nguyen Thi Huong, GSO general director, said that in response to challenges posed by increasing inflation pressure, the government has recently called for taking drastic measures on price stabilization. The move aims to minimize the negative impacts on socio-economic development and control inflation.
Vietnam's top legislature has set a CPI target range of 4-4.5 percent for 2024. ■