An ANZ Bank expert has said that Vietnam may face the risk of inflation resurfacing in the coming time if the prices of medicine and health services continue rising.
Medicine prices have increased up to 13.88% compared to the beginning of this year
The group price is also the reason for Vietnam’s inflation surge of 17% in September 2012.
Medicine prices have increased up to 13.88% compared to the beginning of this year, with health services posting a rise of 17.39%.
The expert forecast that Vietnam’s inflation rate would reach 6-8%. The price rise of food would be another major pressure on inflation.
According to the General Statistics Office of Vietnam, CPI in June increased 0.05% against May. The CPI in the first half of the year rose 2.4% against last December and 6.69% against last June.
In June, petrol prices increased 0.62%, while food prices slightly reduced 0.03%. The reduction of rice and food prices was due to high supply of those products, in addition to the fact that consumers consumed less poultry and cattle due to diseases at home and in neighbouring countries.
Meanwhile, garments, textiles, leather and footwear saw the highest increase in June at 0.42%. Prices surged 0.32% for beverages and tobacco and 0.4% for culture, entertainment and tourism products.
