TITLE

Rising Inflation A Cause For Concern

PUB. DATE
October 2004
SOURCE
Asia Monitor: South East Asia Monitor Volume 1;Oct2004, Vol. 15 Issue 10, p4
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
This article discusses various reasons and implications of rising inflation in Vietnam. There are signs that inflation is re-emerging as a problem in Vietnam. Since the mid-1990s inflation has remained low and stable, averaging just 3.2 percent in 2003. But it has been increasing throughout 2004, reaching 9.1 percent year-on-year in July � the highest rate since January 1999. The main reason for the faster-than-expected increase in inflation this year has been higher food prices. Other factors behind the rise in inflation include the government decision to raise oil price; rise in salaries of civil servants; etc.
ACCESSION #
14543615

 

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