Inflation forecast not to exceed 4 percent

In an October macroeconomic report announced yesterday, the National Financial Supervisory Committee forecast that inflation rate would not exceed 4 percent this year.

According to the committee, the macroeconomic condition has remained stable and inflation has been well curbed.

Consumer Price Index in October increased 3.23 percent over the same period last year and 2.36 percent over the beginning of the year, which is the lowest increase level for the last decade.

Core inflation continued a down trend since early this year and was recorded at 3.09 percent in October.

The report also said that small and medium enterprises continued facing a lot of difficulties. Their business efficiency has kept reducing since 2008.

By Ham Yen – Translated by Hai Mien

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