percent over the previous month, the highest level for September of any
year since 2000.
According to the General Statistics Office, the September CPI rose 8.92
percent over September 2009, increasing between 0.34-12.02 percent in 10
out of 11 groups of commodities.
The most
significant increase was seen in educational products and services,
generating 12.02 percent, followed by housing and construction
materials, up 1.08 percent. Meanwhile, transport posted an increase of
0.91 percent, with restaurants and related services, up 0.79 percent.
Commodities
and other services saw a 0.57 percent increase, while entertainment and
tourism services were up by 0.48 percent and drinks and tobacco up 0.44
percent.
The prices of medicines and medical services rose by 0.35 percent.
Slight
increases were seen in prices of garment and textiles, headwear and
footwear, up by 0.34 percent, and household utensils and appliances, up
0.34 percent.
However, prices of post and telecoms continued to decrease, down by 0.07 percent.
Experts
said the record increase of September CPI was due to many impacts,
especially the increased prices of educational products at the beginning
of the 2010-2011 school year.
In addition, the prices of many
materials and essential commodities on world markets saw large
increases, and the exchange rate between the Vietnamese dong and the US
dollar was adjusted as the dollar strengthened.
The price of gas
in September rose by nearly 6 percent or 14,000 VND per 12kg cylinder
over August. In mid-September, the price of steel in the south was up
300,000 VND per tonne after it had increased five times in August.
Sharp
increases in food and restaurant-related services, especially prices of
rice - increasing 2.32 percent - markedly contributed to CPI rise.
Moreover, people had a long holiday for National Day and the Mid-Autumn
festival, and with both occurring in September, this increased demand
for tourism, entertainment and shopping.
The CPI of the two
economic hubs, Hanoi and Ho Chi Minh City increased nearly 1
percent against August - despite measures to stabilize eight essential
goods - and exerted a dramatic impact on the country’s CPI.
In
September, prices of gold and US dollars on the black market saw sharp
increases. Gold prices went up by 3.58 percent from August, and by 34.35
percent against September 2009.
Meanwhile, the US dollar price rose 1.61 percent against August and 7.35 percent against September 2009.
However,
experts have warned that the goal of maintaining inflation at 8 percent
is not easy as the country will continue to face complicated impacts,
including instability of the world economy, as well as epidemics and
natural disasters. In addition, CPI regularly increases in the fourth
quarter of every year.
Ministries, sectors and localities are
urged to closely control prices of goods and services with support from
the government and obey price registration and declaration instructions.
Experts
also warned that the fourth quarter was the time for payment of imports
of commodities and materials for production, and it is necessary to
have flexible measures on exchange and bank interest rates to ease
difficulties for enterprises in order to ensure the balance between
demand and supply, and effectively curb price surges./.
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