Vietnams CPI Forecast to Rise 2 per cent in August

11:28:48 AM | 31/7/2008

<div align="justify">Vietnam&rsquos consumer price index (CPI) may rise between 1.8 per cent-2 per cent on month in August, higher than the 1.13 per cent rise in July because many goods and services will have impacts of gasoline price hike, said the Market Management Group.</div> <div align="justify"> </div> <div align="justify">Several essential goods will see the input cost increase, such as coal estimated to rise 2.93 per cent, cement 2.24 per cent, steel 0.61 per cent, electricity 0.8 per cent, waterway transport 6.5 per cent-7 per cent, railway transport 4 per cent-5 per cent, gasoline-run automobile 12-14 per cent, and diesel-run automobile 5-7 per cent.</div> <div align="justify"> </div> <div align="justify">High transport costs will push up prices of many other commodities in the market.</div> <div align="justify"> </div> <div align="justify">The group suggested that localities should control prices of food and foodstuff, which holds greatest proportion of CPI basket, and that ministries and agencies should reorganize and develop distribution tem.</div> <div align="justify"> </div> <div align="justify">According to the General Statistics Office, Vietnam&rsquos CPI rose 1.13 per cent in July from June, and 27.04 per cent one year ago. (Vietnam & World Economy)</div>