|
Vietnam’s July CPI forecast to keep dropping
Vietnam ’s consumer price index (CPI) is predicted to continue slowing down this month due to positive impacts of the government’s solutions.
Deputy Minister of Industry and Trade and head of the domestic market management team Nguyen Cam Tu said it is time the government’s solutions “could bring in effects” provided that “no new change factors” emerge.
Statistics released by the General Statistics Office (GSO) show that the CPI rose 2.14 percent in June over May, much lower than May’s record of 3.91 percent.
The six-moth CPI soared 20.34 percent over the same period last year. In comparison with late 2007, the index increased by 18.44 percent.
Experts attributed the June CPI’s slowdown to initial success of the Government’s efforts to rein in inflation and stabilise the macro economy. This is seen as a good sign as the Vietnamese economy is entering the second half of the year.
Tu said that amid spiking world oil prices the government is taking urgent measures to stabilise domestic petroleum prices in an effort to ensure production, curb inflation and stabilise the macro economy. “Up to now, domestic petroleum prices are kept unchanged,” he said.
Regarding a plan to control prices of essential goods and give assistance to the poor in the context of high inflation, he said the Finance Ministry will inspect price-related factors in businesses, with a focus on 14 products that are important to production and consumption, and subject to state management.
VNA
|
