Vietnam’s CPI (consumer price index) in April is likely to increase less than 0.1 percent, Bui Quang Vinh, minister of planning and investment said in the supplement socio-economic report 2011 and plan for 2012 at the meeting of the National Assembly Standing Committee in the morning April 20.
Thus, according to the minister, CPI in April will see lower rise against March.
In previous month, the CPI rose 0.16 percent, marking the lowest level in the past 20 months and in comparison with the same period of recent three years. And this month, according to Vinh, the rise will be even lower than March.
The government said the CPI in the first quarter of 2012 has decreased gradually and witnessed the lowest growth rate over the same period of previous years.
The reason is attributable to the implementation of tight credit and monetary control measures and the strict management of state budget spending and public investments. The purchasing power of the domestic market decreased and prices of agricultural products and foods also slipped thanks to a good crop.
Besides, the strict implementation of measures to strengthen the management of price and market has also contributed to reducing the price increase rate in the past time, the government’s report stated.
Regarding the measures to perform the targets in 2012, the government said it will carry out tight and cautious monetary policy toward ensuring the proactive flexibility and harmony between monetary policy and fiscal year policy to curb inflation in 2012 at about 8 to 9 percent.