Saturday, December 23, 2006

2006 Inflation in Vietnam up to 6.6%

Consumer prices in Vietnam rose by 0.5% in December, pushing the annual inflation rate to 6.6%.

Of the 10 baskets of commodities making up the consumer price index (CPI), food and food services had the highest increase by 7.9% as a result of the 14.1% in food prices, driven mainly by the increasing demand for rice exports and pest attacks.

Last year Vietnam reported a rise in prices by 8.4%.

Source: Thanh Nien

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