Vietnam CPI likely peaks in April ready: gso

Vietnam consumer price index (CPI) is likely to have peaked this year after it saw a sharply increase of 3.32% on-month in April and 17.54% on-year, raising year-to-date CPI to 9.56%

Vietnam consumer price index (CPI) is likely to have peaked this year after it saw a sharply increase of 3.32% on-month in April and 17.54% on-year, raising year-to-date CPI to 9.56%, the sate-run Chinhphu reported on April 25,citing Nguyen Duc Thang, Head of the General Statistics Office of Vietnam (GSO)’s Pricing Department.

This year, April CPI reached the highest level since May 2008 instead of showing the lowest figure in the year as usual.

CPI will slow down from May due to the government policies lag, Thang added. Vietnam has run a tightening policy from the early this year through lower credit growth rate, higher interest rates, lower budget spending.

The government may need to utilize greater fiscal and administrative mechanisms and it may take until the second half of the year for policies to start having an effect. That said, interest rates could potentially remain high until the end of the year, Viet Capital Securities (VCSC) said. – Stoxplus.com

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

Posted by VBN on Apr 26 2011. 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