World Economic outlook - Vietnam cpi prediction march 2012 ; During the period to calculate CPI (consumer price index) in March, many foodstuff items saw declines in prices together with low purchasing power and not high input material prices. Accordingly the market specialists, these are positive factors for an expectation of CPI slowing down by 0.4-0.5 percent in March. In February,
the price of fresh foodstuff has stabilised thanks to abundant supply and the demand was not as high as the Lunar New Year (Tet) holiday. The foodstuff market in March is forecast to slip slightly and prices of chicken may be increased in some localities due to diseases. In March, the expected sugar output may reach 250,000 tonnes, therefore, specialists said that the sugar wholesale price will tend to slip slightly and the sugar retail price will continue to be stable.
For milk products, analysts said that the milk price will remain high. Rice prices are predicted to be stable in March due to effect of the world rice prices and the country's purchase for temporary storage. Export prices for high quality rice will be stable or slightly increase.
Domestic fertiliser prices have been kept stable in last few months and are expected to be remained unchanged in the near future due to low demand in Mekong river delta. Prices of construction materials also expected to be stable due to low consumption. Prices of cement are stable despite the high stockpile. Prices of domestic steel were decreased by 50,000-120,000 dong/tonne in February.
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