Vietnam’s October CPI forecast to rise 0.5-0.6 pct

To achieve the country’s CPI (consumer price index) target this year at 18%, the CPI in three remaining months of this year must increase around 0.45% per month, according to the Domestic Markets and Monetary Management Department of the Ministry of Trade and Industry on Wednesday.
Accordingly, the country’s CPI in October is forecasted to increase by 0.5-0.6% from September.

Vietnam’s CPI in September surged 0.82% over August and soared 16.63% from December 2010.

From now till the end of the year, prices are expected to fall slightly thanks to the prices of world commodities tend to fall when the US dollar increases, which will limit the rise of imported commodities.

Improved supplies of many agricultural products and foodstuffs in the country will help stabilize the prices of food and foodstuff and interest rates are also being regulated more closely to reduce lending interest rate, contributing to reducing capital costs for businesses. – SOurce: Vietbiz24.com

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

Posted by VBN on Oct 7 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