Price index increases 1.56 percent in August
06/08/2010 - 22 Lượt xem
Vietnam ’s consumer price index (CPI) was up 1.56 percent in August, a little higher than the rise in July, according to the General Statistic Office (GSO).
Compared to December 2007 the August CPI increased 21.65 percent, and 28 percent from one year ago.
The CPI rise was attributed to the petrol price hike, which pushed the prices of transport and postal services up 9.07 percent from July, the highest increase among 10 listed products.
However, a light decrease in the petrol price shortly after the hike has helped limit the increase of consumer prices.
In addition, sufficient supply of goods has also contributed to containing inflation. According to the Price Management Department of the Finance Ministry, the prices of many kinds of essential food and foodstuff remained stable, or saw a light decrease.
Strict inspection of the market and the supply of information on market for consumers have helped ease the psychological pressure on inflation.
According to the Finance Ministry, to stabilise the CPI rate, efforts should be continued to implement the government’s measures to contain inflation, such as to develop production to ensure the supply of goods, implement a monetary policy in support of businesses’ production and cut down investment and public spending.
However, economists said, the country still faces difficulties in containing inflation in the remaining months of this year because of unpredictable developments of natural calamities and epidemics which can affect goods supply, besides impacts of the world market’s prices.-Enditem
Source: VNA
