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NEW UPDATES Asean Affairs  26  August 2014  

August CPI growth hits 9-year low

Vietnam: The national consumer price index (CPI) this month increased by 0.22 per cent over that of last month and 1.84 per cent over that of the end of last year.

The General Statistics Office (GSO) provided the figures, which are the lowest levels recorded for August in the past nine years, as numerous factors have curbed price increases this month, said Do Thi Ngoc, Director of the GSO's CPI Department.

The world prices of numerous essential goods remained stable and declined while domestic petroleum prices decreased thrice in nearly a month since July 18.

In August, petroleum prices fell by 0.16 per cent month-on-month, public traffic service prices dropped by 0.15 per cent, and housing and building material prices fell by 0.31 per cent.

Ngoc noted, however, that the average CPI for the first eight months of the year increased by 4.73 per cent over that of the same period last year, nearly hitting the 5-per cent to 5.5-per cent levels that the Government aimed for in 2014.

Increasing rice exports to Southeast Asia and China pushed up rice prices, and foodstuff prices grew by 0.45 per cent in August as a result.

Autumn festivals and rising breeding costs caused food prices to go up by 0.54 per cent, and greater demand for clothes, shoes and school materials also pushed up the prices of garment and footwear products by 0.32 per cent beyond the new school year.

In August, gold prices declined by 0.34 per cent month-on-month and by 0.06 per cent year-on-year. The price of the US dollar likewise fell by 0.26 per cent month-on-month and 0.07 per cent year-on-year.

The Ha Noi and HCM City departments of statistics reported earlier that the CPI continued to rise in the country's two largest cities.

The CPI rose by 0.19 per cent in the capital and 0.05 per cent in the southern city, in August.

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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






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