Vietnam’s CPI Forecast to Rise 0.2 per cent in Oct, Below 25 per cent This Year

Vietnam’s consumer price index (CPI) is forecast to rise 0.2 per cent in Oct from Sept, said the Ministry of Industry and Trade’s domestic market regulating group.

 

The CPI will rise slightly in Oct because of the decrease in global commodity prices, stable domestic demand, ample goods supply and effects from domestic diesel price cut.

 

There will be no sudden increase of commodity prices in the fourth quarter, the group said.

 

Therefore, the CPI is forecast to rise below 25 per cent for the whole year.

 

According to a source from the Ministry of Finance, the CPI will increase 0.5 per cent in October, 1 per cent in November and 1.2 per cent in December.

 

Experts said the small CPI rise of 0.18 per cent in Sept is attributed to the decline in prices of food, foodstuff, steel, fertilizer, gas and gasoline. In addition, the slow CPI is affected by the government’s solution package to curb inflation over the past months and downward global prices. (Vietnam Economic Times, News Online)