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Title:
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Alert on Vietnam macro-economics: Encouraging CPI figure on timid food price rise
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Category:
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Market Overview
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Source:
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Sacombank Securities
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Sector:
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Company:
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Detail:
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Date:
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2/2/2012
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Pages:
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4
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Language:
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English
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File Type:
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Size:
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537 Kb
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Summary:
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After having experienced 5 consecutive sub-1% inflation prints, Vietnam consumer price index posted a +1% m-o-m increase in January. The largest contributors to consumer inflation were the Food and foodstuff items (+1.01%, Dec +0.69%), clothing (+1.97%, Dec +1.81%) as well as housing & construction materials (+1.71%, Dec +1.33%). Due to the festive period, a usual seasonal reacceleration in prices of food items has been witnessed. However, on a yearly basis, food prices continued to moderate, dropping to +23% y-o-y from +34.1% in Aug 2011.
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