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Vietnam's consumer price index to climb 0.48% in November

Staff Writer | November 29, 2016
Vietnam's consumer price index (CPI) is expected to climb 0.48 percent in November against the previous month, the General Statistics Office (GSO) said.
Vietnam company worker
Asia   11-month CPI of Vietnam to rise 2.47 percent
The November CPI is estimated to go up 4.52 percent compared to the same period of 2015 and up 4.5 percent compared to December last year.

These figures have driven average 11-month CPI of Vietnam to rise 2.47 percent year-on-year, said the GSO.

Of 11 items in the CPI calculation basket, as many as nine groups have prices increase, ranging from 0.24 percent (in garment, hat and footwear) to transportation (1.63 percent).

Meanwhile, price of education remains unchanged while that of post and telecommunication goes down 0.02 percent against October, said GSO.

Though not included in the CPI calculation basket in November, the price of gold is projected to decrease by 1.12 percent while that of U.S. dollars goes up 0.22 percent over October.

Vietnam aims to keep its inflation rate below 5 percent this year.