Page 411 - Niên giám

PRICE INDEX
IN 2021

In 2021, the Covid-19 pandemic continued to have many impacts
on the socio-economic situation and people's life, the average consumer
price index increased by 2.62% compared to that in 2020. The main
reasons for an increase in the consumer price index (CPI) were as follows:
a rise in food prices due to the disruption of supply chains, an upturn in

transport costs; a jump in the price of some commodity groups resulting
from unstable supply and rising input costs; a growth in the prices of
materials and housing maintenance services; a rise in domestic gasoline,
petroleum and gas prices in accordance with the world market prices; an
expansion in educational services causes by the influence of increasing
tuition fees.

However, some factors contributed to the CPI curb in 2021.
Particularly, African swine fever was under control; the impact of

increased pork supply caused a reduction in the CPI of food group in this
year, prices of cultural, entertainment and tourism services fell due to the
impact of the Covid-19 pandemic.

Gold price index in December 2021 surged up 10.65% compared to
that in December 2020; the average gold price index in 2021 shot up
13.07% over that in 2020. The USD price index in December 2021 shrunk
by 1.10% compared to that in December 2020; the average USD price
index in 2021 went down 1.39% against that in 2020.

402