August CPI officially announced
27/Aug/2008 Intellasia | Thoi Bao Kinh Te Vietnam
Aug 27, 2008 - 7:00:00 AM
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General Statistic Office (GSO) yesterday announced the August CPI rose by 1.56% month on month, showing more optimistic signal on the macro economy in the remaining months of this year.
This month's CPI increased by 28.32% as compared with last August and by 22.14% in Jan-August.
Earlier, the office had announced the August CPI of HCM City up 2.09% and Hanoi up 1.92%. Although the stock market last week witnessed many increasing share codes, VN Index on August 22 only surged one point from the previous session.
The prices of restaurant this month only was up 0.5% slightly month on month while the postal price surged 9.07%, housing and construction materials soaring by 2.18%.
There are five groups of commodities seeing a 1% rise in prices, including garment, headwear, footwear, household applications 1.11%, medicine up 1.23%, education 1.16% and entertainment cost up 1.08%.
Nguyen Bich Lam, vice head of GSO said that after the fuel prices were increased, the office had initial figures and CPI by the end of the year could fall at 28.5% growth in comparison with the beginning of 2008. After the latest reduction in fuel prices, the forecasted figure was lowered to 27.5%.
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