Vietnam Daily News

Vietnam's CPI expected to rise 0.6pct in December and 18.2pct in 2011: NDHMoney

Written by Dailynews.vn Friday, 16 December 2011 17:44

Vietnam's consumer price index (CPI) in December is estimated to have accelerated 0.6 percent from November, resulting in the whole year's CPI at 18.2 percent, the local online newspaper NDHMoney calculated basing on Leontief and ARIMA models.

If this scenario becomes a reality, the country's month-on-month CPI will accelerate for the second consecutive month (the rise was 0.36 percent in October, 0.39 percent in November and it is estimated at 0.6 percent in December), NDHMoney said.

Also, with the CPI scenario in December 2011 with an estimated rise of 0.6 percent compared to the same period of about previous 15 years, this month's rise is quite low versus December CPI of previous years.

NDHMoney calculated that, with the very large gaps compared to last December (CPI in December 2010 increased 1.98 percent); the country's annual inflation will be adjusted significantly. In comparison with the same period in 2010, the year-on-year CPI rise is expected to cool down to only 18.2 percent for the whole year instead of 19.83 percent as estimated in the previous month.

Thus, this year's inflation will certainly be lower than the record rise of 2008 (at 19.89 percent), but still reaches a very high level over the recent 15 years.

With each group of goods and essential consumer services, this month NDHMoney paid special attention to the groups of food and foodstuff, restaurant, garment and textile, headwear, footwear, household equipments and appliances, housing and construction materials (influenced by gas price).

Source: www.intellasia.net/news/articles/economy/111350951.shtml