Vietnam November cpi expected to ease further: mof

Vietnam consumer price index is expected to slow down further in November, Price Management Department of Ministry of Finance (MOF) said on its monthly press release.

State budget and government bond disbursements, high consumption demand, dollar exchange rate… are considered to be key factors pushing prices up.

Besides, the natural factors like rain, flood, tide.. may affect fresh food supply.

On the up side, rice prices are expected to increase on high demand and on impacts of Thai rice policy, especially the high quality rice.

Prices of vegetables are expected to slightly rise in November on unfavorable weather.

Prices of petrol and LPG liquid gas are expected to slightly increase in November.

Medicine prices are expected to rise as the move of dollar exchange rate , the department mentioned.

However, prices of essential goods and services which effect the whole economy like electricity, coal, gas and hospital fees … are expected to be stable in November. Diesel price falling on October 10 was a positive sign to the market.

Prices of education are expected not to increase sharply this month as many localities raised school fees in previous months.

Cement, steel are expected to be unchanged during November.

Earlier, the Domestic Market Regulation Commission expected the CPI to slow down to 0.2-0.3% in November.

Source StoxPlus

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