HANOI—Vietnam's consumer price index (CPI) has increased by 3.88 percent year-on-year in the first nine months of 2023, approaching the government's target range for the year.

According to Namibia Press Agency, the General Statistics Office (GSO) reported that the rise in CPI was influenced primarily by a 4 percent uptick in food and beverage services. September saw price increases in nine of the 11 categories within the CPI basket, with education and food and beverage services experiencing significant hikes of 2.09 percent and 0.92 percent, respectively.

Nguyen Thi Huong, the head of the GSO, further explained that the country's core inflation has averaged 2.69 percent over the nine months. Vietnam aims to maintain its annual CPI growth within the range of 4 to 4.5 percent, closely aligning with the observed trends thus far.