The country’s Consumer Price Index (CPI) increased 6.81 percent this December compared to the same time last year, meeting the Government’s target of controlling inflation rate at a single-digit level this year, the GSO reported.The rate was much lower than 2011’s figure of 18.13 percent. However, the average CPI for this year was up 9.21 percent over the average index of 2011, according to the office.December’s CPI increased 0.27 percent month-on-month, although prices of garment and foot-wear products went up a significant 1.17 percent due to rising demand ahead of the New Year holidays.Many groups of goods experienced insignificant price increase in December, including medicine and healthcare services, up 0.14 percent, and education, increasing 0.09 percent.Director of the GSO’s Integrated Statistics Department, Nguyen Thi Ngoc Van, said that the low CPI increased of 6.81 percent was a result of the Government’s management, particularly thanks to Instruction No. 25/CT-TTg issued on September 26, 2012 by Prime Minister Nguyen Tan Dung to strengthen price administration and stabilisation.Van noted that domestic market prices witnessed some extraordinary developments this year, with prices increasing only a moderate 1-1.37 percent in the first two months, compared to the usual trend of them rising over 2 percent… Read full this story
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