Vietnam inflation rises 4.31pct on year

26-Aug-2014 Intellasia | Marketwatch | 6:00 AM Print This Post

Vietnam’s consumer price index in August rose at a slower pace than in the previous month as demand remains weak.

August’s consumer price index rose 4.31 percent from a year earlier, slower than a 4.94 percent increase in July and 4.98 percent in June, government data released Sunday showed.

The index rose 0.22 percent from July, the general Statistical Office said in a statement.

“Demand is still weak,” said Can Van Luc, an economist with the Bank for Investment and Development of Vietnam. “But we expect prices to increase gradually month-on-month from now to the end of the year.”

State media cited Vu Dinh Anh, an economist with the Ministry of Finance, as saying Friday that the inflation rate this year will stay below 7.0 percent.


Category: Economy

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