Vietnam’s CPI up slightly in April

Update: 10:25 | 30/04/2018
Vietnam’s consumer price index (CPI) in April went up 0.08 percent monthly and 2.75 percent annually, pushing up the four-month figure by 2.8 percent year-on-year, reported the General Statistics Office (GSO) on April 29. 
vietnams cpi up slightly in april 2018 has better beginning than 2017: Prime Minister
vietnams cpi up slightly in april Consumers fear surging prices as salaries increase

Among 11 commodity groups, six saw price increases, including transportation (1.18 percent); housing, water and electricity supply, and construction materials (0.18 percent); household equipment and appliances (0.09 percent), culture, entertainment and tourism (0.08 percent), education (0.06 percent), medicines and medical services (0.02 percent). 
Lower prices were recorded in food and catering services (0.18 percent), posts and telecommunication (0.08 percent), other goods and services (0.02 percent); apparel, headwear and footwear (0.01 percent). Beverage and cigarette prices stayed the same. 
Do Thi Ngoc, Director of the GSO’s Price Statistics Department, attributed the CPI hike in April to higher domestic and exported rice prices, fuelled by higher demands from China and Southeast Asian countries. 

vietnams cpi up slightly in april
Illustrative image. (Source: VNA)

Petrol prices were also adjusted up, thus pushing CPI by 0.11 percent, she said, adding that flight and railway ticket prices moved up 0.76 percent and 2.55 percent, respectively. Meanwhile, prices of housing materials, electricity and water supply hiked a respective of 0.5 percent, 0.14 percent and 0.42 percent. 
Prices of poultry and aquatic products curbed CPI growth due to abundant supply. 
Gold prices moved up 0.47 percent month-on-month while USD prices were kept stable at around 22,790 VND. 
According to the GSO, basic inflation (CPI exclusive of foodstuff, fresh food, energy, health care and education services) in the first fourth months this year stood at 1.34 percent, reflecting that monetary policy remains stable.

vietnams cpi up slightly in april Great political determination needed to meet growth target: PM

The fulfilment of the gross domestic product (GDP) growth rate of 6.7% in 2017 requires great political determination from ministries and departments, as well as ...

vietnams cpi up slightly in april Further efforts required in fight against corruption

Earlier this year Transparency International (TI) announced the Corruption Perceptions Index (CPI) 2016 of 176 countries and territories on a scale from 100 (very clean) ...

(Source: VNA)