MPI forecasts Vietnam’s CPI may rise 1.8-2.2pct in Mar

Ministry of Planning and Investment (MPI) on March 15 gave a forecast that the Vietnam’s consumer price index (CPI) in March is estimated to rise about 1.8-2.2% against February and increase about 5.9-6.1% from last December.

Averagely, the CPI in Q1 2011 is estimated to surge about 12.7-12.8% over the same period last year.

According to the MPI, the CPI in Q1 2011 was lower than only Q1 2008 and higher than Q1 of recent 8 years. The main reasons were due to the world crude oil price increased strongly, the price of fertilizer, foods and foodstuff, causing pressures on the prices of goods in the domestic market.

Additionally, the worry about the roadmap of electricity and coal price increase caused the strong rise of the CPI in Q1 and especially in March.

Previously, the Ministry of Industry and Trade (MoIT) also predicted March CPI would rise about 2% against February.

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

Posted by VBN on Mar 17 2011. Filed under Consumer price index, 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