Vietnam forecast on Monday that annual consumer price inflation in April would accelerate to 7.16% from 6.8% in March.
Preliminary consumer price index data from the General Statistics Office showed food prices this month would be 8.33% higher than in April 2006, after a rise of 8.09 in March.
The report estimated that overall prices this month would edge up 0.49% from March.
Food prices account for 42.8% of the price basket Vietnam uses to calculate inflation. The data is not seasonally adjusted.
The Finance Ministry aims to keep inflation in 2007 at less than 7%, in line with the government's goal of keeping the rate below the economic growth target of 8.5%.
The World Bank has forecast consumer prices this year would be 6.5% higher than in 2006 while the International Monetary Fund has forecast year-end inflation at 7.1%.
Source: Reuters
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