Petrol prices increased 4 times in a row, many items massively went up to the “top” according to

Accordingly, the consumer price index (CPI) in May 2022 increased by 0.38% compared to the previous month; increased by 2.48% compared to December 2021 and increased by 2.86% over the same period last year. Domestic gasoline prices increase according to world prices; The increase in the price of food, foodstuffs, the price of essential consumer goods and services in line with the price of input materials are the main reasons for the increase in CPI in May.

On average, in the first 5 months of 2022, CPI increased by 2.25% over the same period last year, higher than the increase of 1.29% in the first 5 months of 2021, but lower than that of the first 5 months of 2017-2020; Core inflation increased by 1.1%.

In the 0.38% increase of CPI in May 2022 compared to the previous month, there were 10 groups of goods and services with an increase in price index and 1 group of goods with a decrease in price index.

10 groups of goods and services with price index increased, including, transportation group had the highest increase with 2.34% (making the general CPI increase by 0.23 percentage points) due to the influence of the adjustment of gasoline prices in the coming year. on May 4, 2022, May 11, 2022 and May 23, 2022, causing gasoline prices to increase by 5.93%; diesel oil price increased by 3.99%.

Besides, the price of public transport service increased by 1.06% due to the increase in fuel price; vehicle maintenance service prices increased by 0.05%; self-driving car and motorbike rental increased by 0.22%; spare parts increased by 0.17%.

The culture, entertainment and tourism group increased by 0.74% as the price of package tours increased by 3.15% and the hotel and guesthouse increased by 0.94% when tourism demand increased again. Beverage and tobacco group increased by 0.33% due to increase in input material prices and transportation costs; food and food service groups increased by 0.27%; the group of appliances and household appliances increased by 0.22% mainly due to the high consumption demand in the summer…

The group of garments, hats and footwear increased by 0.18% due to the increase in the price of production materials due to the influence of the wars in Russia and Ukraine, the zero Covid strategy from China.

The education group increased by 0.17% because some localities increased tuition fees for the 2021-2022 school year again after the exemption or reduction period due to the impact of the Covid-19 epidemic.

The group of goods and services had a decrease in price index: Housing and construction materials decreased by 0.13% due to a decrease in gas prices by 5.38%.

On average, in the first 5 months of 2022, inflation increased by 1.1% compared to the same period in 2021, lower than the overall average CPI (up by 2.25%), this reflects fluctuations in consumer prices mainly due to food and fuel prices.