Vietnam CPI Up

The consumer price index in October rose 0.41% from the previous month and 2.98% year-on-year, according to the Vietnam General Statistics Office, VNA reported. That meant the average CPI for the last 10 months rose 3.71% year-on-year–the highest growth rate in the last three years. According to the GSO, the inflation rate of 3.71% is still below the expected level for 2017, which is estimated at 4%. However, the inflation rate could rise in the last two months of the year on the rapid increase in demand for goods and services and on increasing credit issuance and investment to push up the country’s economic growth, GSO warned.