Econ
Vietnam's September CPI soars up 0.54%
According to the General Statistics Office`s report (Ministry of Planning and Investment), the consumer price index (CPI) in September soars up 0.54% from the previous month and 3.14% from last September.
Group of education services increased simultaneously in September
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Do Thi Ngoc, Deputy Director of the GSO’s Price Statistics Department, said the CPI of the first nine months of this year increased 2.07% compared to the same period last year with an average increase of 0.34% a month. However, many factors could cause pressure on CPI in the remaining months of this year, including prices of health services, gas and oil, and year-end expenditure.
She said the Government and relevant ministries and sectors should continue to keep a close watch of inflation. Besides, the State should consider the timing of price adjustment for some essential goods to prevent psychological pressure on the CPI.
According to the GSO, the September basic inflation (excluding food and fresh foodstuff, energy and State-controlled commodities such as healthcare and education services) climbed 0.07% from the previous month and 1.85% from one year ago. Basic inflation of the first nine months 2016 rose 1.81% against the same period last year.
The basic inflation from January to September 2016 fluctuated within a narrow amplitude from 1.64% to 1.88%, reflecting a healthy monetary policy that helps to stablise macroeconomy. October’s CPI is forecast to increase due to hikes in health services fees and gas and oil prices in line with hikes in the world’s gasoline and oil prices
The GSO said the Government’s goal of keeping CPI growth at five percent this year is feasible. Overall average of 9 months compared to the same period last year, overall inflation has higher growth than core inflation, which reflects price fluctuations due to market factors had a higher growth, particularly as the price of food, fuel prices and operating factors regulating prices through price increases, health services and education.
