[Vnbiz] June inflation -- slowing down

Thu Jun 26 10:11:13 PDT 2008

Dear anh Hoanh:
It's amazing how we tend to see what we want to see despite the facts.
Please look again carefully at the tables.  June inflation is 2.14% higher 
than May, just as May inflation was 3.91% higher than April.
Now look again at Column 2 (we have gone over this before).  You will see 
that June inflation is 26.8% YOY, as compared to May 25.2% YOY.
No great improvement.
It's becoming more clear that food price inflation is much due to 
speculation. You heard the Prime Minister the other day; Vietnam's rice 
production is up.  It is lifting rice export restrictions.
Cheers,
HPP

"Tran Dinh Hoanh" <tdhoanh at gmail.com> 
Sent by: vnbiz-bounces at mail.saigon.com
06/26/2008 08:54 AM
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[Vnbiz] June inflation -- slowing down

[ Vietnam Business Forum ]

Dear CACC,

June inflation is 2.14%, compared with 3.91% for May.  This is a 45% 
decrease.  Great improvement!  But 2.14 is still high; that is the 
equivalent of 25.68% per year.  Looks like the main culprit this month is 
sitll food with 3.29%, although that is much less than the 22.19% May food 
price increase.  Housing & construction materials and household appliances 
increase a bit.  Other than that, everything else is just about the same.

Below Ihave the both the June chart (on top) and the May in (at the 
bottom) FYI.  These charts are from the General StatisticsOffice of 
Vietnam.

Have a good day!

Hoanh
____________ 

Consumer price index
Gold and USD price indexes, whole country
June 2008

Index in June 2008 compared with (%)
Index in the  first half year in 2008 compared with same period in 2007
Base year 2005
June
2007
Dec. 2007
May2008

Consumer price index
144.30
126.80
118.44
102.14
120.34
Food and foodstuff
170.32
145.55
130.73
103.29
133.05
Of which: - Food 
212.71
174.29
159.44
104.29
139.14
               - Foodstuff
157.78
137.54
121.83
103.05
131.91
               - Meals and drinking out
158.32
133.35
122.44
102.46
127.82
Beverage and cigarette
124.72
111.46
108.21
101.07
108.56
Garment, footwear, hat
121.32
109.94
106.67
100.92
108.50
Housing and construction materials (*)
145.33
123.72
114.34
101.93
120.49
Household appliances and goods
120.45
108.44
106.41
101.28
106.73
Medical products and health care
117.49
108.08
103.87
100.66
107.98
Means of transport and communication
128.05
114.88
110.58
100.35
112.69
Of which: Postal services and Telecommunication
83.75
88.73
90.70
99.90
88.07
Education
110.23
103.24
102.12
100.67
102.38
Culture, sport and entertainment
111.49
104.23
105.29
100.40
103.69
Other consumer goods and services
128.13
113.02
108.14
100.96
112.37

Gold price index
213.63
141.01
116.27
104.36
139.25
USD price index
106.55
104.89
105.02
104.69
100.51

(*) Including: housing, electricity, water, fuel and construction 
materials.

Consumer price index
Gold and USD price indexes, whole country
May 2008

Index in May 2008 compared with (%)
Index in the five first months in 2008 compared with same period in 2007
Base year 2005
May
2007
Dec. 2007
April 2008

Consumer price index
141.28
125.20
115.96
103.91
119.09
Food and foodstuff
164.89
142.35
126.56
107.25
130.68
Of which: - Food 
203.96
167.84
152.88
122.19
133.01
               - Foodstuff
153.11
135.39
118.23
102.28
130.81
               - Eating outside
154.52
131.23
119.50
102.56
126.75
Beverage and cigarette
123.40
110.45
107.06
101.88
107.99
Garment, footwear, hat
120.22
109.46
105.69
100.96
108.22
Housing and construction materials (*)
142.57
122.99
112.17
101.20
119.85
Household appliances and goods
118.93
107.48
105.07
100.93
106.39
Medical products and health care
116.72
108.24
103.19
100.48
107.96
Means of transport and communication
127.60
115.52
110.20
100.34
112.25
Of which: Postal services and Telecommunication
83.83
87.80
90.79
99.93
87.94
Education
109.49
102.72
101.44
100.45
102.21
Culture, sport and entertainment
111.05
105.11
104.87
100.57
103.58
Other consumer goods and services
126.91
112.50
107.11
100.33
112.24

Gold price index
204.70
132.45
111.41
96.11
137.81
USD price index
101.78
100.45
100.32
101.02
99.79

(*) Including: housing, electricity, water, fuel and construction 
materials.

-- 
Tran Dinh Hoanh, Esq., LLB, JD
Washington DC_______________________________________________
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