Rising global oil prices have been putting pressure on gasoline prices in the domestic market. According to the report of the General Statistics Office of Vietnam under the Ministry of Planning and Investment, an increase of 12.08 percent in the five-month domestic gasoline prices and 15.32 percent year-on-year in gas prices are one of the main reasons for the rise in the consumer price index (CPI) in the first five months of this year.
The consumer price index (CPI) in March this year declined 0.27 percent compared to the previous month, the General Statistics Office of Vietnam announced at the press conference held at this agency on the morning of March 29.
The consumer price index (CPI) in February this year jumped by 1.52 percent over the previous month, the highest increase of the index in February in the past eight years, and 1.58 percent compared to December last year.
As Singapore continues to see sluggish trade and growth data, with core inflation at a three-year low, economists forecast the central bank to ease monetary policy in its upcoming review and provide some support to the economy.
The Ministry of Finance on January 23 informed that the Government has determined to control prices so as to keep inflation at a level of 3.3-3.9 percent and core inflation at around 1.6-1.8 percent in 2019.