Tin mới
Resolution 11 successful: GSO (03/01)
03/01/2012 - 9 Lượt xem
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Thuc, speaking at a press briefing in Hanoi yesterday on the nation’s 2011 socio-economic performance, said the Government measures such as monetary and fiscal tightening and coping with long-delayed and half-finished projects had proven to be effective. Those measures have helped the country harness inflation, he said, describing a consumer price index (CPI) rise of 0.53% in December as a fruitful effort by the Government. The year’s CPI is 18.13%. Money supply has risen 10% and credit has grown 12% as a result of the drastic Government moves. Thuc said if credit growth had reached 15% or touched the whopping levels of previous years, the CPI would have surged 25-27%. However, the power price adjustment of 5% on December 20 is not included in this month’s CPI. If this increase had been taken into account, Thuc estimated, the CPI of the year would have increased by an extra 0.3-0.4 of a percentage point. Nevertheless, he admitted, power price hikes would be a challenge to the CPI control effort in the coming time as next year’s target was to push CPI down to a single digit. Source: Saigon Times. |
