CPI hits record high in March

The consumer price index (CPI) in March 2011 rose by 2.17 percent compared to the previous month, or up 6.12 percent over December last year.

According to the General Statistics Office (GSO), this was the highest figure recorded over the past 34 months.

Sharp increases were seen in the costs of transport (6.69 percent), food and drinks (1.98 percent), construction materials (3.67 percent), footwear and garment products (1 percent), home appliances (1.22 percent), and other consumer goods.

The gold price in March surged by 5 percent against the previous month, or up 41.27 percent over the same period last year. The price of USD also went up by 3.06 percent from February and by 12.05 percent compared to the same period last year.

GSO said that the CPI in the first quarter of this year is gradually increasing from 1.74 in January to 2.09 percent in February and 2.17 percent in March. It is no easy task to reach the set target, keeping an average increase in CPI under 7 percent in 2011, the GSO added.

Tags: Vietnam CPI, Vietnam CPI 2011, Vietnam economic, Vietnam economy

Posted by VBN on Mar 24 2011. Filed under Consumer price index, Economy News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry