Vietnam August CPI Likely Slows Down to Under 1pct: NDHMoney

Vietnam August CPI is estimated to rise under 1 percent on month, but still rise 23 percent on year, the local financial news service NDHMoney reported Monday.

Analysts with the NDHMoney used Leontief model with data from 2007 and ARIMA (autoregressive integrated moving average) model to work out the figure.

If the estimation is correct, August will be the first one in the past 12 months that CPI has risen less than 1 percent on month.

NDHMoney models showed that prices of almost all baskets of goods rose in August, the highest increases are seen in food and restaurant services, especially foodstuffs with hardest hit areas in the East-North, North and Middle North.

 

Category: Economy