Consumer Price Index Up by 1.49 Percent
Feb. 25 – Vietnam's consumer price index (CPI) grew by 1.49 percent during the first two months the year despite a slowing economy.
CPI for February rose by 1.17 percent compared to the month before indicating a slow increase over highest inflation months of last year but a abrupt hike in comparison with the recent months' figures.
Among the commodities and services used to calculate for CPI, food and food stuff saw the highest price increases, up by 1.67 percent this month. The second highest increase in prices came from housing and construction materials with 1.59 percent.
Vietnam's General Statistics Office said the cost of home appliances, drinks and cigarettes, and garment and footwear were forecast to increase by 0.7 percent, 0.8 percent, and 0.4 percent.
In addition, CPi is expected to grow by 15 percent this year compared to last year's 19.89 percent.