4:32:09 PM | 31/10/2008
Market regulators of the Ministry of Industry and Trade and the Ministry of Finance have forecast that consumer prices will likely soar 0.2 per cent on month in Nov as prices of essential prices tend to climb due to floods impacts in central, southern Vietnam.
CPI hikes are possible as domestic demand for consumer goods will rise in the remaining months as Tet is nearing, the officials.
Meanwhile, the State Bank of Vietnam, the country’s central bank, predicted that CPI will surge 03 per cent to 0.4 per cent on month in Nov.
The Ministry of Finance’s Price Management Department said it will stabilize prices of input materials of the economy such as electricity, clean water, and bus fares by the end of the year.
In the first ten months, CPI jumped 23.15 per cent on year.
Vietnam targets to tame inflation to below 15 per cent and achieve GDP growth of 7 per cent next year. (New Hanoi)
Vietnamese
