Vietnam’s May CPI forecast at 2pct: market operator

At the meeting on April 26, the domestic market operation group said that the price of essential goods in the world market in May will continue complicated evolution, especially the fuel price will continue to affect the import fuel and material prices as well as cause price increasing pressures on commodities market.

Additionally, the electricity supply in the dry season may affect the production of some sectors. The minimum salary increase that will take effect from May 1 together with the impacts from new price benchmark (fuel and material prices) will continue increase the input costs. Notably, the Vietnam’s upcoming long public holiday of South liberation (April 30) and Labour Day (May 1) will increase the demand of tourism and restaurant services.

The domestic market operator also forecasted Vietnam’s CPI (consumer price index) in May would rise by 1.8-2 percent against April and decrease gradually in following months.

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

Posted by VBN on Apr 28 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