Vietnam inflation continues to slow in October

Thanh Nien News

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A meat vendor weighs pork for sale at a roadside market in Hanoi October 2, 2014. Photo: Reuters A meat vendor weighs pork for sale at a roadside market in Hanoi October 2, 2014. Photo: Reuters

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Consumer prices in Vietnam grew only 0.11 percent in October from the previous month, official figures showed.
In the basket of 11 groups of goods and services used to calculate the Consumer Price Index (CPI), educational expenditures saw the highest rise of 1.31 percent. They rocketed to 6.38 percent last month following the beginning of a new academic year.
Seven other groups were up below 1 percent. For example, the prices of medicine and health services increased 0.53 percent, following by the prices of household appliances, which were up 0.22 percent.
Three remaining groups saw prices drop. Transport expenditures fell 1.02 percent as fuel traders Thursday cut prices for the eight consecutive time since late July.
The prices of housing and building materials were down 0.08 percent. Telecommunication expenditures decreased 0.03 percent.
Earlier this month the National Financial Supervisory Commission predicted that Vietnam’s inflation rate would finish out at 3-4 percent this year.
In the first ten months, it grew 2.36 percent.

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