Vietnam to see CPI up 6.91% in first 11 months

VNStockNews.com - Vietnam's Consumer Price Index (CPI)is expected to go up 6.91% year-on-year in the first 11 months this year, said a report of the General Statistics Office of Vietnam on Wednesday.

In November, the country's CPI is expected to increase by 0.55 percent against that of October this year, said the report.

The figure shows the continuing trend of slower rise in the Vietnam's CPI.

Almost every commodity group is expected to see a year-on-year increase in price in the first 11 months of this year, according to the office.

The gold price is forecast to register the highest increase of 15.73 percent year-on-year during this period.

Price of other consumer goods and services group is expected go up 11.33 percent in the first 11 months from the same period last year, ranking second in the list of commodity prices.

Means of transport and communication is the only group which is expected to see a price decrease in the first 11 months, said the office. The group's price is forecast to go down 2.33 percent from the same period last year.

Vietnamese National Assembly set a target in June this year to keep CPI growth under ten percent in 2009.