High CPI increase raises concerns about inflation in 2018VietNamNet Bridge - The CPI soared by 0.55 percent in May as reported by the General Statistics Office (GSO), a six-year high. The CPI soared by 0.55 percent in MayMeanwhile, the government wants the inflation rate in 2018 to be below 4 percent. Do Thi Ngoc from GSO attributed the sharp increase in CPI in May to the pork price rise and the petrol price increase of VND1,010 per litres after two adjustments. In principle, the world’s oil price increase will have big impact on Vietnam’s CPI. Since Vietnam’s petroleum prices depend on the world’s oil prices, the petroleum price adjustments are unavoidable.

Source: VietNamNet News June 08, 2018 05:15 UTC