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Inflation rate

Vietnam Inflation Still Likely to Surpass 10%, Citigroup Says

Submitted by myvietnam on Thu, 04/29/2010 - 11:45

Vietnam’s inflation rate will still probably surpass 10 percent and rise to almost 11 percent this year in spite of a slowdown reported in the latest figures, Citigroup Inc. said.

Vietnamese inflation slowed in April to a year-on-year rate of 9.2 percent, down from 9.5 percent in March and the first reduction in the rate since August. Prices rose 0.14 percent in April from March, the lowest figure since a decline in monthly inflation in March 2009.

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