CPI Forecast to Surge 0.6 per cent in September
The consumer price index (CPI) in Vietnam is estimated to soar 0.6 per cent in September, higher than the rates recorded in last three months, according to the government’s market management group.
The price index will be high because the purchasing power is forecast to further increase on the occasion of the National Day [September 2] and the starting of the new school year early next month, the group said.
Unexpected changes of weather, and bird flu and food-and-mouth epidemics will also push up the prices of foods and foodstuffs as well as other relevant goods and services.
The price of global crude oil is also likely to maintain high, which will continue to affect the local input prices.
In addition, the proposed salary adjustment in October is also a factor to push up the CPI.
The market management group said that the CPI rise of 0.4 per cent in August is reasonable due to the increase in the retail gasoline price.
Last month, the costs of coal, electricity, cement, steel and papers went up 0.06-2 per cent; commodity transport up 1.77-3.1 per cent, rice, sugar and coffee up 0.05-0.08 per cent, offshore fishing up 4 per cent.
T.V
Vietnamese
