Asian Economic News

Vietnam Annual Inflation Rises In January

Vietnam's inflation accelerated to 7.07 percent in January from 6.81 percent a month ago, data from the General Statistics Office showed Thursday.

On a monthly basis, consumer prices gained 1.25 percent in January.

The data has limited the scope of the central bank to cut rates further. In 2012, the State Bank of Vietnam lowered the refinancing rate by a full 6 percentage points to 9 percent.

Clothing and footwear cost surged 8.36 percent annually, while food cost increased only 1.34 percent in January. Housing and construction cost advanced 7.73 percent.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

More Asian Economic News