The country's CPI for July rose by 0.23 per cent over June and 4.94 per cent over the same period of one year ago, according to the General Statistics Office.— VNA/VNS Photo Quang Quyet

HA NOI (Biz Hub) — The country's consumer price index (CPI) will likely increase in August by roughly 0.4-0.5 per cent compared to July, the Vietcombank Securities Co (VCBS) forecast.

According to the VCBS, although petrol price reductions may contribute to reducing CPI by up to 0.08 per cent, the index would increase by 4.5-4.6 per cent year-on-year in August due to increases in the price of health-care and educational services.

VCBS also anticipated that the month-on-month CPI rise in September will slow, leaving the index to rise by roughly 4.2-4.3 per cent year-on-year as the continuous hike of educational fees at many cities and provinces nationwide next month, especially in HCM City, will be lower than in the same period in 2013.

Though local consumption demands are expected to gradually increase at the end of the year, the VCBS hopes the move will not have a significant impact on the CPI. The index, therefore, might depend on the price adjustment of necessary goods managed by the State, VCBS said.

The country's CPI for July rose by 0.23 per cent over June and 4.94 per cent over the same period of one year ago, according to the General Statistics Office.

Among the baskets of goods used in the CPI calculation, transport services recorded the highest growth (0.44 per cent), followed by construction (0.43 per cent), food and services (0.26 per cent), as well as beverages, cigarettes, garments, hats, and footwear (0.2 per cent). — VNS