Inflation rate in 2011 swings around 18pct

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VOV News English - 40 month(s) ago 64 readings 2 duplicate news

Inflation rate in 2011 swings around 18pct

(VOV) - Consumer price index (CPI) in 2012 is estimated to fall to 9-10 percent.

The National Financial Supervisory Committee has completed and submitted the Government the draft report on the macro-economy for the first eight months of 2011 and the forecast for 2011-2012.

The committee has predicted that CPI will swing around 18 percent in 2011 and will likely fall to 9-10 percent in 2012.

To contain inflation effectively, the committee proposed implementing a ceiling interest rate, promoting the distribution of goods and devising solutions focused on the total supply. It also urged the General Statistics Office to announce the basic inflation index (excluding food and petroleum) along with the current overall CPI.

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