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Vietnam Today: June macro picture expected to improve - Visit note on DPM

 

GBS - June’s trade deficit and CPI are expected to improve on a MoM basis but too early to declare a victory

The momentum in June’s inflation is expected to slow but remains high. Friday, Long An’s Statistic Office announced that its CPI in June increased by 0.79% MoM, much lower cf. May’s 2.35%. Long An’s inflation figure was mainly led by food & foodstuff, and footwear & garment items which increased by more than one percent during the month. Transportation items rose 0.41% MoM cf. last month 1,31% and housing and construction materials categories were up by 0.59% MoM cf. 4.45% in May, suggesting that the impact of petrol and electricity price hikes have been absorbed.

Read more: Vietnam Today: June macro picture expected to improve - Visit note on DPM

 

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