24 Jun '11, 5am

Vietnam sees inflation at almost 21% in June

HANOI: Vietnam's inflation rate, already one of the world's highest, rose again in June to almost 21 per cent, according to official estimates released on Friday. The consumer price index is expected to rise 20.82 per cent this month compared with June last year, the General Statistics Office said. Prices have risen every month since August 2010, although inflation is still below a recent peak of 28.3 per cent recorded in August 2008, and far from the triple-digit figures seen in the 1980s. The latest increase had been expected by economists, who see price pressures easing toward the end of the year. "We are expecting that inflation will (be) likely to peak in June 2011 at around 22 per cent," Deepak Mishra, the World Bank's lead economist in Vietnam, said early this month. He sees inflation gradually falling to about 15 per cent by December, underpinned by government targ...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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