Vietnam Sees CPI up 2.2 percent in Sept.
Vietnam’s Consumer Price Index (CPI) in September has increased 2.2 percent compared to the previous month and up 5.13 percent in comparison with December 2011, according to the report released by the General Statistics Office.
The CPI for whole year of 2012 is estimated at around 7-8 percent.
After nine months, the CPI saw the lowest increase compared to the same periods in the previous eight years (in 2008 + 21.86 percent and 2001 +16.63 percent).
For one year (from September 2011-September 2012), the CPI soared 6.48 percent, higher than the two previous months (in August +5.04 percent and July +5.35 percent) but still lower than the previous months from August 2011-June 2012.
If the CPI only surged 1.5 percent in the next three months, as of December this year the CPI may hit single-digit figure of 9.93 percent.
The success in curbing inflation is resulted from effectively stabilizing macro-economy and controlling inflation, tightening of monetary and fiscal policies, and producing a high output of food in the recent eight months.
VGP
Vietnamese
