Vietnam ‘09 CPI Forecast at Single Digits: GSO
The government’s General Statistics Office has predicted that the consumer price index (CPI) of Vietnam will ease to single digits this year as expected, the State Bank of Vietnam (SBV), the country’s central bank said.
The GSO released the forecast after CPI was estimated to go down to 0.24% in August, well below July’s 0.52%.
Vietnam’s CPI has soared at 3.47% since early 2009, the GSO said.
CPI will likely increase 0.3%-0.4% in September because of growing demands on National Day (Sept 2) and the mid-Autumn Festival. With such a slow growth rate, CPI will remain in the single digits this year, the GSO noted. (SBV)
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