Viet nam : Monthly Inflation

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From the demand side, growth in private consumption eased to 3.4% owing mainly to a weaker labor market. About 116,000 businesses closed in the past 2 years. Investment grew by 2.2%, a turnaround from its contraction in the previous year. Foreign direct investment (FDI) inflows remained substantial, but private domestic investment was dampened by weak credit growth. The government brought forward some planned capital spending, which lifted public investment. Strong exports and sluggish imports meant net exports made a significant contribution to GDP growth for the second consecutive year. The stabilization policies, together with good domestic harvests and soft global food prices, tamed inflation in 2012. It decelerated sharply from over 20% year on year in October 2011, bottoming out at 5.0% in August 2012 (Figure 3.31.2). On a year-average basis, inflation receded to 9.2%, half the rate of 2011. Source: General Statistics Office of Viet Nam. - http://www.gso.gov.vn/default_en.aspx?tabid=491
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