Vietnam's consumer price index (CPI)is estimated at 8.3 percent in 2007, compared with 6.6 percent in 2006, local newspaper New Hanoi reported Tuesday.
CPI in December is set to reach the highest level over the past 10 years, rising 12.63 percent over last December, mainly due to higher petroleum prices, the newspaper quoted the General Statistics Office as reporting.
This month, transport cost is estimated to increase 4.38 percent, said the office.
To curb the price hike, Vietnam is speeding up production, increasing productivity, slashing production cost, enhancing products' competitiveness, and ensuring the sufficient supply of goods with reasonable selling prices.
Vietnam has planned to keep its CPI lower than the targeted economic growth of 8.5-9.0 percent in 2008.
Source: Xinhua
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