Vietnam nine-month inflation slows to 7.64pc
Vietnam said Thursday its inflation rate in the first nine months of the year slowed to 7.64 percent compared with the same period a year ago.
In September alone, prices increased by 2.42 percent year-on-year while the rise against the previous month was 0.62 percent, the General Statistics Office (GSO) said.
The rate of inflation in the first nine months of 2008 was 22.76 percent.
The latest data comes after the Asian Development Bank this week raised its inflation forecast for Vietnam to 6.8 percent from 4.0 percent this year, partly because global commodity prices are expected to rise.
"Inflation in Vietnam will remain higher than most other countries in the region," the Bank's Vietnam economist, Bahodir Ganiev, told reporters.
For the January to September period, food prices rose 10.35 percent, beverages and tobacco were up by 10.25 percent while housing and construction costs gained 2.09 percent, GSO said.
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