CPI forecast to soar in December

The December's Consumer Price Index is forecast to increase by 0.5 to 0.6 per cent compared with the previous month due to the advent of Christmas and coming Tet holidays.

The forecast by the Domestic Market Management Team under the Ministry of Industry and Trade said the price of a number of goods, including food and foodstuff, would rise due to increased demand.

Flooding in several areas would also have an effect.

Gas prices would surge this month, following increased world prices but the price of steel, cement and other construction materials would remain stable despite it being the peak season for construction.

The sugar price was forecast to fall slightly due to abundant supplies.

(source: VNS)

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