Sept.’s CPI increases by 0.82 percent

Vietnam’s CPI in September rose by 0.82 percent against last month.
Vietnam’s consumer price index (CPI) in September rose by 0.82 percent against last month and 22.42 percent over the same period of 2010.

The figure helped raise CPI in the past nine months by 18.16 percent compared to the corresponding time last year, the General Statistics Office (GSO) announced on Sept. 24.

Nine out of 11 commodity groups recorded increases ranging from 0.28 to 8.62 percent, of which education service saw the sharpest hike with 8.62 percent.

Commodities with increases below 1 percent were food services (0.28 percent), transport (0.24 percent), and post and telecommunications (0.07 percent).

During the month, the gold price soared 13.14 percent against last month helping increase pushing the price over the past nine months by 30.48 percent over December, 2010 and 41.09 percent year-on-year.

The US dollar experienced a month-on-month rise of 0.8 percent, pushing up the price over the past nine months by 1.12 percent compared to the end of 2010 and by 9.67 percent over the corresponding time last year.

Economists said that to curb inflation, stabilise the macroeconomy and ensure social welfare, the Government need to pursue solutions of Resolution 11 together with facilitating production and circulation, ensuring safety for the finance sector, increasing the efficiency of public investment and imposing market principles on big State businesses./.

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