after increasing only 0.06 percent, the lowest rise for the past six
years, according to the General Statistics Office.
The August
increase led to the rise in the first eight months of the year by 5.08
percent over 2009 and an 8.61 percent increase year-on-year.
Ten
out of 11 commodities used to calculate the CPI increased by between 3
percent and 16 percent. Only post and telecom services decreased, by
nearly 0.4 percent.
Experts predicted that low increases would be difficult to be maintained, but the rise would be stable at 0.2-0.3 percent.
The
Government’s adjustment in the exchange rate between VND and USD and
the increase in price of petroleum in the country were reasons for the
rise of the August CPI.
However, experts warned that prices would
increase sharply late in the year due to an increase in demand during
the New Year festival. In addition, the increase in prices in world
markets, high bank interest rates, natural disasters and epidemics would
be challenges to the country’s targets of inflation control.
To
reach the goal of controlling CPI for the whole year at 7-8 percent, the
Government has asked ministries, sectors and localities to continue
measures to curb inflation and hold down price hikes, focusing on
examining prices, bank interest rates and foreign exchanges./.
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