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Four-month CPI growth lowest in three years: GSO

Vietnam recorded a year-on-year rise of over 2.7 per cent in consumer price index (CPI) in the first four months of this year, marking the lowest rate of increase seen in three years, according to the General Statistics Office.

 

The CPI in April was some 0.3 per cent higher than in the previous month and 1 per cent higher than in December 2018, representing growth of nearly 3 per cent year on year.

The CPI growth in April and the average growth in the first four months this year showed the stability of Vietnam’s economy even as the world faced price fluctuations and petrol price increases.

In April, some goods and services showed low levels of price growth due to the State Bank of Vietnam’s flexible monetary policies.

The GSO said core inflation – which is the CPI excluding food items, energy products, and State-managed healthcare and education services – in April increased nearly 0.1 per cent against March and some 1.9 per cent year on year. – VNA

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