The Straits Times
Published on Nov 24, 2012

Vietnam's inflation soars to six-month high despite cooling measures


HANOI (AFP) - Vietnamese inflation picked up to the fastest pace in six months in November, official data showed on Saturday, adding to the economic challenges facing the country's Communist rulers.

Consumer prices gained an estimated 7.08 per cent this month from a year earlier, following a 7 per cent rise last month, according to the General Statistics Office. It was the sharpest increase since May.

Month-on-month, prices edged up 0.47 per cent this month.

"The government is really struggling to curb inflation while pushing economic growth," said a senior manager at one of Vietnam's major private banks who did not want to be named.