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Vietnam’s April CPI slows down to +0.05%: GSO
Vietnam's consumer price index (CPI) in April is estimated to have increased by 0.05% from March mostly thanks to a fall in prices of food and food stuff, the General Statistics Office said on its website on April 23th.
This year’s April on-month CPI growth recorded the lowest rise over the last 30 months (2009’s March on-month CPI dropped 0.17%). April CPI also recorded the lowest on-month rise compared with April’s CPI in the past 6 years.
April increase extended the figure to +2.60% from December 2011 and +10.54% from April 2011.
As many as 8 out of the 11 baskets of goods contributed to the calculation of the CPI data saw their prices rise this month.
Prices of traffic recorded the biggest increase of +2.67% on month due to continuous influence of petroleum price hike, followed by prices of education which soared +1.63%. Prices of garment, footwear, hat increased 0.56%.
Prices of household appliances and goods were up 0.53%; prices of culture. entertainment and tourism increased 0.27%; prices of medicine and health care increased 0.25%; prices of beverage and cigarette rose 0.20%; prices of other goods and services were up 0.38%.
In the down side, prices food and food stuff which posted a fall of -0.80%. (In which, prices of food plunged by -1.69%; foodstuff prices fell by0.87% but eating outside prices rose by 0.44%).Prices of housing and construction materials (including rent, electricity, water, water, fuel and construction materials) decreased by 0.44%. Price of postal services and telecommunication basket dropped by 0.01%.
Not included in the CPI components, gold prices dropped by 2.62% on month in April but still soared by 15.89% on year.
U.S. dollar April prices fell by 0.07% on-month and 0.15% on-year.
Earlier, Hanoi posted a fall of 0.03% CPI in the month.
There is no worries about inflation fluctuation this year, Vietnam can still meets its target of curbing inflation under 10% in 2012, Vo Tri Thanh, deputy CEO of Central Institute for Economic Management (CIEM) said at the conference on Vietnam’s Economy in Q1/2012 and direction for the rest of the year held on April 21
Gso
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