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The annual inflation rate in Vietnam rose to 2.94% in December 2024, accelerating from 2.77% in the previous month. This marked the highest inflation rate since August, as prices accelerated for housing and building materials (5.16% vs 5.06% in November), beverages and tobacco (2.4% vs 2.34%), clothing and footwear (1.16% vs 1.14%), home appliances (1.49% vs 1.41%), medicaments and health services (5.32% vs 5.28%), and culture, entertainment and tourism (2.31% bs 2.2%). Moreover, deflation slowed sharply for transport (-0.89% vs -3.3%). Meanwhile, prices eased for food and beverages services (3.87% vs 4.12%) and other goods and services (6.89% vs 7%). The annual core inflation rate, which excludes volatile items, further rose to a ten-month high of 2.85%, from a seven-month high of 2.77% in the previous month. On a monthly basis, the consumer prices increased to 0.29% in December from 0.13% in November 2024.