CPI Forecast to Rise 0.2-0.3 per cent in September
Vietnam’s consumer price index (CPI) is estimated to rise between 0.2 per cent and 0.3 per cent in September, forecast the government’s market management group in a monthly meeting.
Some reasons continue to put pressure on local consumer price hike, including the unprecedented floods, storms and epidemics, higher purchase power on new school year and mid-Autumn festival occasions, and high prices of materials in the world market.
However, the CPI will be stable or only rise slightly because of measures being taken by the Government, ministries and agencies to curb inflation, the management group said.
Thank to these measures, the inflation rate was cooling down. It rose 0.55 per cent in August, the slowest growth in the first eight months this year.
Since the beginning of 2007, CPI inflated 6.78 per cent, still lower than GDP growth. (Customs, Trade)
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