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Vietnam's April CPI forecast to rise at lowest level in 9 years

English.news.cn   2013-04-24 17:42:17            

HANOI, April 24 (Xinhua) -- Vietnam's consumer price index ( CPI), a calculator for the inflation growth, in April is estimated to slightly rise by 0.02 percent over the previous month, setting the lowest April CPI recorded since 2004, according to the Vietnam General Statistics Office on Wednesday.

It will post an increase of 6.61 percent over the same month last year and 2.41 percent over December 2012. This year's April CPI pushed the 4-month index to climb up to 6.83 percent over the same period last year.

Eight out of 11 calculated commodity groups would witness an increase of from 0.05 percent to 3.62 percent, of which the medicine and healthcare services group took the lead, while the education group posted the lowest rise.

The fuel price, which was re-adjusted in late March and early April contributed to the transport group's increasing index by 1. 2 percent.

Insiders said CPI in April slightly decreased due to the declining prices of the dining services group, which accounts for nearly 40 percent of the commodity basket. Specifically, prices of food decreased 0.86 percent and foodstuff down 1.24 percent in April against the previous month.

Not calculated in the CPI basket, however, gold price decreased by 2.56 percent in April along with the global declining trend, while the U.S. dollar posted a rise by 0.01 percent over the previous month.

The country's two major economic hubs -- capital Hanoi and southern Ho Chi Minh City -- witnessed a CPI fall in April, down 0. 15 percent and 0.33 percent respectively, against the previous month.

Editor: Hou Qiang
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