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Vietnam's inflation forecast up in March after four consecutive downs

Xinhua, March 24, 2015 Adjust font size:

Vietnam's inflation in March is forecast to increase by 0.15 percent over February, reversing the downtrend in the past four months, according to Vietnam's General Statistics Office on Tuesday.

In March, the country's Consumer Price Index (CPI), the main gauge of inflation, is estimated to go up by 0.93 percent compared to the same period in 2014. However, the March figure represents a 0.1 percent decrease over December 2014.

In March, the price of food and foodstuff is likely to post the highest increase of 0.36 percent over February among other commodities in the CPI basket.

Though not included in the CPI calculation, price of gold in Vietnam in March is estimated to fall by 1.63 percent over the previous month, while that of U.S. dollar is expected to increase by 0.16 percent, said the statistics office.

March inflation of two main localities of Vietnam including capital Hanoi and the southern economic hub Ho Chi Minh City are forecast to rise by 0.38 percent and 0.16 percent, respectively, over the previous month. Endi