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The annual inflation rate in Vietnam rose to 2.89% in October 2024, up from an over one-year low of 2.63% in the previous month. The increase was mainly due to a higher inflation for food and catering services (4.45% vs 3.94% in September), and family appliances and tools (1.33% vs 1.17%). In contrast, prices eased for textiles, footwear, and hats (1.13% vs 1.17%), and housing and construction materials (4.21% vs 4.37%), while costs continued to decline for transport (-3.25% vs -5.33%). In the meantime, the annual core inflation, which excludes volatile items, rose to 2.68% picking up from 2.54% in September. On a monthly basis, the CPI rose by 0.33%, following a 0.29% increase in the preceding period.