October CPI likely to increase by 0.76%

Credit organizations forecast that the October consumer price index (CPI) will rise just 0.76% compared to the September figure of 1.06%.

The forecast came in the latest survey conducted by the State Bank of Vietnam (SBV)’s Monetary Statistics and Forecasting Department from late September to early October among credit organizations and foreign-invested banks in Vietnam.

The October forecast of 0.76% is 0.85% lower than the same-month figure of last year.

This year’s CPI growth rate will be around 7%, 0.05% lower than the predicted index in a similar survey conducted earlier.