Vietnam sees 2007 average inflation at 8 pct (04/10)
06/08/2010 - 96 Lượt xem
Vietnam has started to calculate its annual consumer price inflation using the average of 12 months from a year-to-date method.
The government is aiming to keep inflation this year below the targeted 8.5 percent economic growth rate.
Inflation was 6.6 percent in 2006 based on the old method and 7.4 percent based on the average of 12 months, the General Statistics Office said in the report.
CPI this December is forecast to rise between 8.2 percent and 8.5 percent from December 2006, "meaning the target of curbing this year's inflation is slim", the report published on the statistics office's Web site said.
"But on the other hand, if the annual average CPI is used to measure inflation, the possibility of fulfilling the annual target is relatively solid, because it is difficult for the average 2007 CPI to rise more than 8 percent," it said without elaborating.
The Asian Development Bank last month raised its forecast of Vietnam's average inflation this year to 7.8 percent from 6.8 percent previously, citing huge money inflow and price increases of food and energy.
Food prices account for more than 40 percent of the basket Vietnam uses to calculate the consumer price index.
Source: Reuters.
