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CPI
Fed may cut interest rates by 0.25 percentage point after CPI beats forecast
Investors are increasingly expecting the US Federal Reserve to cut interest rates by 0.25 percentage points at its November meeting, after the latest US government report showed inflation last month was slightly higher than expected.
CPI in August stable, inflation increased 0.24%
Compared to the previous month, the consumer price index (CPI) in August was quite stable. Of the 11 commodity groups, 10 groups increased slightly, except for the transportation group, which decreased in price.
CPI in July increased by 0.48% due to increased electricity consumption and social insurance contributions.
Increased demand for household electricity and health insurance premiums adjusted according to the new basic salary are the main reasons for the consumer price index (CPI) in July 2024 to increase by 0.48% compared to the previous month.
Workers' income increased by 7.4%
The average income of workers in the first 6 months of 2024 reached 7.5 million VND/month, an increase of 7.4% over the same period in 2023, according to a report by the General Statistics Office.
CPI of the whole country in June 2024 increased by 0.17%
According to the General Statistics Office, the national consumer price index in June 2024 increased by 0.17% over the previous month, of which 8 groups of goods and services had price indexes increasing and 3 groups of goods had price indexes decreasing.
CPI in the first quarter of 2024 increased by 3.77%
According to the representative of the General Statistics Office, the consumer price index (CPI) in March 2024 increased by 3.97% over the same period last year. In the first quarter of 2024, the CPI increased by 3.77% over the same period, core inflation increased by 2.81%.
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