Vietnam: CPI - 0.76% in November
Tuesday, 25. November 2008, 09:43:51
CPI of Ho Chi Minh city decreased 0.69% in Nov. For 11 months, HCMC CPI increases 18.58%. CPI in Hanoi increases 1.07%, for 11 months, increasing 23.74%. Due to the historical flood early this month, foodstuffs in Hanoi increases 4.8%.
IMG_1365.jpgGasoline price cut off by 21% between Oct and Nov has been a driving force to keep transportation fee not to increase. Picture: Boat at Bai Tu Long bay
In comparison with same period in 2007, CPI increased by 24.22%, and 23.25% compares to Nov 2007. Though the index still stays high, but by slightly decreasing by the end of the year is an remarkable effort.
Normally, by last quarter of the year, consumption rate is higher, pushing up the demand causing accumulated higher CPI until January or February of the next year, when Tet holidays finished.
Transportation service and construction materials among the baskets keeping CPI from soaring up.
The sustainable retail prices for oils and gasoline with consecutive cutting down since October is also a supportive force.
From Oct 8 to Nov 15, basic gasoline A 92 (favorite for vehicles in transportation service) decreases by 21.2% from VND 16,500 to VND 13,000 per liter.
Gold price index is - 5.4%, while USD price index increased by 2.1%. USD price was making a gap in free market between the second and third week of November.
At the peak point, USD selling in free market was at VND 17,300, while commercial banks remained VND 16.960 at average nominated price per USD./.
IMG_1365.jpgGasoline price cut off by 21% between Oct and Nov has been a driving force to keep transportation fee not to increase. Picture: Boat at Bai Tu Long bay In comparison with same period in 2007, CPI increased by 24.22%, and 23.25% compares to Nov 2007. Though the index still stays high, but by slightly decreasing by the end of the year is an remarkable effort.
Normally, by last quarter of the year, consumption rate is higher, pushing up the demand causing accumulated higher CPI until January or February of the next year, when Tet holidays finished.
Transportation service and construction materials among the baskets keeping CPI from soaring up.
The sustainable retail prices for oils and gasoline with consecutive cutting down since October is also a supportive force.
From Oct 8 to Nov 15, basic gasoline A 92 (favorite for vehicles in transportation service) decreases by 21.2% from VND 16,500 to VND 13,000 per liter.
Gold price index is - 5.4%, while USD price index increased by 2.1%. USD price was making a gap in free market between the second and third week of November.
At the peak point, USD selling in free market was at VND 17,300, while commercial banks remained VND 16.960 at average nominated price per USD./.
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