Vietnam's inflation slows to decade low

Thanh Nien News

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 A woman buys meat at a stall in Ho Chi Minh City. Photo: Dinh Phu
With no significant price rises in major commodities and services, Vietnam's consumer price index continued to grew slowly in November at the rate of 0.07 percent from the previous month, the General Statistics Office of Vietnam has reported.
Compared to December last year, it was up 0.58 percent, the lowest in the past 10 years.
Nine out of the 11 products and services in the CPI basket such as food and dining, and housing and construction materials saw very small increases, around 0.05-0.32 percent, from October.
The prices of postal and telecom and transport services declined 0.1 and 0.38 percent, respectively, according to the report.
In a recent report to the legislature, the government forecast Vietnam's inflation will be less than 2 percent this year. The target for next year is under 5 percent. 

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