Vietnam to see 5-year high CPI in April: statistics
Xinhua, April 25, 2016 Adjust font size:
Vietnam's consumer price index (CPI) is expected to see a hike of 0.33 percent in April against the previous month, the highest increase of April CPI in the past five years, according to Vietnam's General Statistics Office (GSO) on Monday.
Accordingly, the country's April CPI is forecast to go up 1.89 percent year-on-year. Since December 2015, the CPI is estimated to increase 1.33 percent.
Of 11 items in the CPI calculation basket in April, eight groups are forecast to have prices climbed compared to March. The price of transportation experiences the highest increase of 1.73 percent in April against March, due to two consecutive price hikes of petroleum and diesel oil during the month.
On the contrary, in April, the price of culture, entertainment and tourism group is likely to see a slight drop of 0.01 percent compared to the previous month.
Meanwhile, the prices of two groups of restaurant and catering services as well as post and telecommunications are to stay unchanged.
Though not included in the CPI calculation, during the month, the prices of U.S. dollar and gold are expected to rise 0.05 percent and 0.3 percent compared to the previous month, respectively.
Monthly CPI in Vietnam is calculated from the 15th day of the previous month to the 15th day of the reference month. Endit