CPI Likely to Rise 1.5 per cent-1.8 per cent in Aug, MIT Says
Vietnam’s consumer price index in August may rise between 1.5 per cent and 1.8 per cent on month, higher than the 1.13 per cent rise in July, forecast the domestic market management group, under the Ministry of Industry and Trade.
The group explained that prices of foods are falling, while prices of many other items, such as housing and building materials, keep stable because they are standing at high levels.
Food now accounts for 42.85 per cent of CPI basket and with such a trend, the CPI will be likely to rise 1 per cent-1.5 per cent a month in the rest of this year.
The 5 per cent gasoline price cut on August 14 will not help lower CPI rise in August, but in the remaining months, the group said.
The full year’s CPI rise will be between 28 per cent and 30 per cent, the group forecast. (Vietnam Economic Times)
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