Vietnam Aug CPI up 0.24% On-Month, Softens to 8.31% in Jan-Aug: GSO
Vietnam’s consumer price index (CPI) for August is estimated to have gone up 0.24% from July and to have eased to 8.31% over the first eight months of this year, the government’s General Statistic Office said.
A slight hike in CPI was driven by construction materials, housing and transportation costs, the GSO said.
Food and foodstuff services are estimated to have fallen 0.08% on-month and 1.74% on-year. Rice is estimated to be down 0.42% on-month and down 9.5% on-year while foodstuffs will be up 0.09% on-month and up 4.05% on-year.
Transportation and postage costs are estimated to have gone up 1.31% on-month and to fall 8.79% on-year. Housing and construction material costs are estimated to have been up 0.93% on-month and to go up 0.24% on-year.
Apparel, footwear and hats are estimated to have increased by 0.52% on-month and to have raised 7.37% on-year. Drinks and tobacco rose 0.11% on-month and 8.08% on-year. Medicines are estimated to have increased 0.16% on-month and to be up 4.44% on-year.
Cultural, sports and recreation services are estimated to be up 0.12% on-month and up 4.57% on-year. Domestic appliance prices are estimated to be up 0.3% on-month and 7.1% on-year.
The government usually issues CPI figures based on estimates before the end of the reporting period.
In Vietnam, gold is estimated to have gone up 1.75% on-month and up 15.68% on-year while the U.S. dollar is estimated to have strengthened against the Vietnamese dong by 0.13% on-month and to be up 8.95% on-year.
In urban areas in Vietnam, the CPI is estimated to have raised 0.3% on-month and 2.79% on-year, while the CPI in rural regions is estimated to have raised 0.21% on-month and 1.34% on-year. (GSO August 2009)
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