Sign up | Log in



Home  >>   Daily News  >>   Indonesia  >>Economy  >> CPI up by 0.86% in first half
NEW UPDATES Asean Affairs  26 June 2015  

CPI up by 0.86% in first half

Vietnam: Consumer price index (CPI) in the first half of this year increased by 0.86 per cent over the same period last year, the General Statistics Office reported the day before  yesterday.

The average growth of CPI during the period was 0.1 per cent per month, the lowest increase in the past ten years.

CPI in June showed a month-on-month increase of 0.35 per cent.

The goods that saw price growth included beverages and tobacco, garments, footwear, construction materials, as well as medicine and health-care services, marking an increase of 0.24 per cent, 0.17 per cent, 0.3 per cent, and 0.38 per cent, respectively.

Other goods also recorded growth, including 3.54 per cent in transport items, 0.26 per cent in cultural, entertainment, and tourism services, and 0.12 per cent in other commodities and services.

Director of the General Statistics Office Nguyen Bich Lam said the increase in CPI in the first six months can be attributed to the Government's policies, including the hikes in health-care services prices in HCM City from June 1, electricity rates from March 16, and workers' minimum salary from January 1.

"The State Bank of Viet Nam increased the interbank exchange rates twice this year, which had significant impacts on the prices of a number of imported commodities and materials, which further led to an increase in the prices of various domestic products," he noted.

Market-related factors also contributed to the rise in CPI, he said, adding that the first two months of this year saw a high increase in the purchasing power of local residents, as well as a rise in the prices of a number of commodities such as beverages, tobacco, and garments and textiles on the occasion of Tet (Lunar New Year festival). An increased demand for traveling during Tet and other national holidays also pushed the CPI of tourism services up.

However, Lam said, the increase in CPI in the first half of this year was lower than the previous year's because of several reasons.

Firstly, the winter-spring and summer-autumn crop got a bumper harvest, leading to an abundant supply of food. Secondly, the prices of essential commodities in the world market was quite stable.

Moreover, oil and petroleum prices were reduced three times and increased three times this year, but the increases were made at the end of May and early June so that it did not much lead to the adjustment of CPI on oil and petroleum.

Meanwhile, a reduction in the world gas price led to a decrease in the domestic gas price.

"CPI in the first six months of this year increased at a low rate, helping the Government's target to keep inflation under control. However, potential risks relating to a possible increase of oil and petroleum prices put pressure on the tasks to curb inflation," Lam observed.

He suggested that the Government continue guiding relevant ministries and agencies to keep a close watch over changes in prices and markets, as well as to increase the inspection and supervision of markets.

The Government and a number of ministries should also consider a time to adjust the prices of a number of essential commodities to avoid any huge impact on CPI psychology, he added.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           June  26 , 2015 Subsribe Now !
• US-ASEAN Business Council Applauds Vote for Cloture on Trade Promotion Authority Subcribe: Asean Affairs Global Magazine
• Indonesia still favored by foreign investors 
• Toyota M’sia hires banks for Islamic funding
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• CPI up by 0.86% in first half
• Transport ministry spent only 7% of budget
Asean Analysis                   June 26, 2015
• Asean Analysis June 26, 2015
U.S. Companies Engage Myanmar on Reforms, Capacity and Infrastructure
Advertise Your Brand

Asean Stock Watch  June 25,   2015
• Asean Stock Watch-June  25, 2015
The Biweekly Update
• The Biweekly Update June 26, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand