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CPI increases by 0.23% in August
The consumer price index in August increased by 0.23 percent over July after hitting a record low of 0.06 percent over the past six years, announced the General Statistics Office.
The August increase led to the rise in the first eight months of the year by 5.08 percent over the same period last year.
Experts predicted that the rise would be stable at 0.2-0.3 percent.
The Government’s adjustment in the exchange rate between VND and USD and the increase in the price of petroleum in the country were reasons for the rise of the August CPI.
However, experts warned that prices would rise sharply in late year due to the growing in demand during the New Year festival. In addition, the fluctuations world price index, high bank interest rates, natural disasters and epidemics would be challenges to the country’s targets of inflation control.
To reach the goal of controlling CPI for the whole year at 7-8 percent, the Government has asked ministries, sectors and localities to take effective measures to curb inflation and hold down price hikes.
vov
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