September CPI up 1.06%
(VOV) -Vietnam’s consumer price index (CPI) over the past nine months has increased by 6.83% year on year, announced the General Statistics Office (GSO).
The September index was up 1.06% on the previous month, or 6.3% higher than the same month or last year.
The rising CPI was attributed to the price increase of 9.38% in the education sector.
Only two of 11 items in the commodity basket – traffic and telecoms services – went down in price.
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Meanwhile, the GSO reported that domestic gold prices in September increased by 1.97%, but the local currency (VND) dropped by 0.26 % against the US dollar
The September CPI was not the same in provinces and cities, as seen in Ho Chi Minh City (up 3.13%), in the central province of Thua Thien Hue (up 0.96%), and in the figures in the Mekong Delta provinces of Vinh Long and Can Tho (up 0.88% and 0.86%, respectively).
The GSO said price management in the remaining months of 2013 will play a decisive role in controlling the CPI at less than 7% by the year’s end.
According to the National Financial Supervision Commission (NFSC), stabilizing marcoeconomy is an urgent task to create a firm foundation for maintaining steady growth in the years to come and the inflation rate should be lowered.
Achieving the set target of 5.5% this year is a challenging task, the NFSC said.
The Commission predicted that the growth rate in 2013 would likely to stay at 5.3%, higher than last year’s figure of 4.3% and the inflation rate would hover around 5% if the prices of basic commodities remained unchanged.