CPI Forecast to Inch up 0.2 per cent in August
The consumer price index (CPI) in Vietnam is likely to go up slightly by 0.2 per cent next month, the government’s market management group forecast.
The rise will be lower than the increase of 0.4 per cent reported in July and the average growth of 0.66 per cent in the first half this year.
The group, however, warned that the price index may further increase because the unexpectedly fluctuated prices of global crude oil could affect the local input prices.
The purchasing power is also expected to increase on the occasion of the National Day on September 2 and during the period prior to the new school year starting early September.
However, it will be balanced by the plentiful supply of commodities, the group said.
The CPI is reported to rise by 0.4 per cent in July, 4.4 per cent in the first seven months of this year, and by 7.5 per cent from a year earlier.
This year, Vietnam targets to curb the index increase at 6-7 per cent, compared with the increase of 8.4 per cent last year.
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