THE SOCIALIST REPUBLIC OF VIET NAM
Government News
CPI in July rises lowest in one year
VGP - Việt Nam’s consumer price index (CPI) in July, 0.1%, is said to be the lowest rate in more than one year, only 0.06% higher than June, resulting in an average 8.67% rise in the first seven months of this year, according to the General Statistics Office.
The
prices of housing and construction materials in July continue to drop 0.47% because
the real estate market has recently calmed down.
Việt
Nam’s CPI from July 2009 to July 2010 – Source: GSO
Transport,
postal and telecommunications services have gone down in price by 0.94% and
0.07% respectively. Meanwhile, the prices of food continue to fall 0.97%.
Hà
Nội’s CPI has increased by 0.25% while Hồ Chí Minh City sees a decrease of
0.09%.
The
prices of US dollar and gold this month have increased by 0.38% and 2.15%
respectively.
Such
low increase of CPI is attributable to more stable costs for imported inputs
for production and lower bank interest rates, according to local specialists.