Saturday, April 21, 2018 10:33:56 PM - Markets open
VN-INDEX 1,119.86 +25.23/+2.30%
HNX-INDEX 132.58 +1.52/+1.16%
UPCOM-INDEX 58.25 +0.44/+0.77%
CPI below 5% target
Source: Saigon Times - 12/30/2016 8:28:08 AM
 (0 ratings. You must sign in to rate.)
The consumer price index (CPI) this December is forecast to pick up 0.23% against a month earlier, and a mere 4.74% from the year before, below the 5% target of the Government.

Data of the General Statistics Office shows the December CPI increase is mild as six out of 11 groups of items used to determine the CPI are up in prices but have small weights in the basket.

Medicine and healthcare services have recorded the highest rise of 5.3% compared to November, with healthcare alone shooting up 6.93%.

The remaining five groups are beverages and tobacco with an increase of 0.21%; apparel, headwear and footwear 0.25%; housing and construction materials 0.19%; household appliances 0.08%; and other goods and services 0.1%.

Meanwhile, four groups of goods have registered price falls, with all of them having big weights in the basket of goods used for CPI calculation. That includes food and catering services with a decline of 0.03% when foodstuff is down 0.12%, food up 0.22%, and dining services up 0.07% against the previous month.

Even though the December 19 fuel price hike was the biggest this year, transport services costs have edged 0.89% lower than November.

The other two groups whose prices are down are post and telecommunication (0.03%) and culture, entertainment and tourism (0.02%). Education is the only group with flat prices.

The 4.74% CPI increase versus December 2015 is below 5% the Government promised before the National Assembly earlier this year.

At a meeting of the Price Steering Committee a week ago, Deputy Prime Minister Vuong Dinh Hue stressed the Government could accomplish the goal of keeping inflation below 5% this year. This is a success of the Government given signs of inflationary pressure.

With adjustments of prices of medicine and healthcare services in line with an approved roadmap, this group’s prices by this December have surged 55.72% over the year-ago period, whereas other groups have registered lower growth than the average.

On the annualized basis, the CPI of 2016 is only 2.66% higher than in 2015. The above figures are all lower than previous years.

This month’s core inflation, which excludes food, foodstuff, energy and commodities whose volatile prices are managed by the State, such as healthcare and education, is up 1.87% from the same period this year. Headline inflation of 2016 is up 1.83% from 2015.

The CPI in rural areas is up 4.79% this month compared to the same period last year. In urban areas, the reading is 4.67%.

Many northern cities and provinces have reported a decline in the December CPI, including Hanoi, Thai Nguyen and Hai Phong. In contrast, southern and central localities have posted an increase that is even above the national average of 0.23%, such as HCMC (0.52%), Khanh Hoa (0.51%), Can Tho and Thua Thien-Hue (0.25%).
Newer News
09:12 CPTPP, EVFTA to benefit Vietnamese fishery sector
20/04 Central provinces target 2.5 million tonnes of rice in upcoming crops
13/04 Vietnam’s economy to grow by 6.5 percent in 2018: WB report
12/04 Garment-textile sector targets green production
11/04 Vietnam exports rambutan to New Zealand
09/04 Fuel prices rise second time this year
07/04 Vietnam’s fruit, vegetable exports up 33.4 percent in Q1
06/04 Vietnam attracts US$3.34 billion in FDI
06/04 EVFTA to boost textile firms’ exports
05/04 Tra fish industry grapples with export difficulties
Older News
30/12 Economy faces unprecedented woes in 2016
29/12 Vietnam Defies Asia Slowdown as Economic Growth Holds Above 6%
29/12 At 6.21 per cent, country’s GDP below govt target
29/12 Special mechanism for Long Thanh airport project gets thumbs-up
29/12 Business climate improvement effort yet to pay off
28/12 Hanoi: Industrial production increases 7.1% in 2016
28/12 Vietnam records positive changes in FDI attraction
28/12 Maritime transport sees growth for two consecutive years
28/12 Agriculture sector restructuring prioritized next year
27/12 Pollution eats Vietnam's growth
Newsletter Signup
Top Stories
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Draft decree on State monopoly in trade submitted to Government
CPI ups 0.46% in January
Market Update
Last updated at 3:12:30 PM
VN-INDEX 1,119.86 +25.23/+2.30%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.