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CPI expected to rise 0.2% in October
Members of the interministerial Taskforce on Domestic Market Regulation predicted at the taskforce’s meeting late last week that the consumer price index (CPI) in October would increase by 0.2% over September.
The members of the taskforce, who come from relevant ministries and branches, believe that in October the prices of many commodities in the world will decrease thanks to profuse supply, while demand will not see a sharp increase and the world’s crude oil price will continue to fall.
Prior to that, a source from the Ministry of Finance said that the Price Management Department under the ministry forecast the CPI would increase by 0.5% in October, 1% in November and 1.2% in December over previous months.
The Price Management Department thinks that the key material prices in the world’s market will remain high from now to the end of the year.
The department also said that the big purchases of paddies from farmers might lead to the increase of commodity prices.
The Governor of the State Bank of Vietnam has asked commercial banks to arrange enough capital and provide loans for enterprises to purchase all 400,000 tonnes of summer-autumn paddies now being held by farmers in the Cuu Long River Delta.
VNN
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