Vietnam’s Jan CPI forecast at 1 %: NDH Money

Vietnam’s January , 2012 consumer price index (CPI) is forecast to accelerate +1% from December 2011, analyst with the local news provider NDH Money reported.

The forecast was based on Leontief and ARIMA models.

If the forecast is correct, this month CPI will record its lowest growth level compared with adjacent months of the Lunar New Year in the last 10 years.

Before, the lowest growth was the adjacent month of the Lunar New Year in 2009 with +1.17%. The rest ranged from 2% to over 3%.

The CPI increase was accelerated from the previous months. However, with this low increase level of +1% this month compared with the same time in previous years, indicating the improvement in the correlation between money and good s.

In January, besides the foods and food stuffs which are under increase pressure due to the high demand for the Lunar New Year, other commodities also post a high rise index in the Tet period including tobacco, fashion, household appliances and goods, beauty services, interior decoration, etc.

Source TEI/StoxPlus

Tags: Vietnam economic, Vietnam economic growth, Vietnam economy, Vietnam economy 2012, Vietnam inflation 2012

Posted by VBN on Jan 13 2012. Filed under 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