CPI in September rises by 0.82 percent

Vietnam’s consumer price index (CPI) in September rose by 0.82 percent against last month and 22.42 percent over the same period of 2010, the General Statistics Office (GSO) announced on Sept. 24.

 

Thus the CPT in September is reduced somewhat against August ( 0.93 percent ) and July ( 1.17%)

The figure helped raise CPI in the past nine months by 18.16 percent in comparison to the same time last year.

Nine out of 11 commodity groups recorded increases ranging from 0.28 to 8.62 percent, of which education service saw the sharpest hike with 8.62 percent.

Commodities with increases below 1 percent were food services (0.28 percent), transport (0.24 percent), and post and telecommunications (0.07 percent).

 

During the month, the gold price soared 13.14 percent against last month helping increase pushing the price over the past nine months by 30.48 percent over December, 2010 and 41.09 percent year-on-year.

The US dollar experienced a month-on-month rise of 0.8 percent, pushing up the price over the past nine months by 1.12 percent compared to the end of 2010 and by 9.67 percent over the corresponding time last year.


Economists said that to curb inflation, stabilize the macro-economy and ensure social welfare, the Government need to pursue solutions of Resolution 11 together with facilitating production and circulation, ensuring safety for the finance sector, increasing the efficiency of public investment and imposing market principles on big State businesses.

 

However, it is anticipated that the CPI will increase by the end of the lunar year and the beginning of the new lunar year

Source SGGP- Translated by MT

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