Vietnam's 2010 inflation may hit 9.2%

HANOI: Rising food prices are expected to push Vietnam's inflation rate to more than nine per cent this year, data showed Friday, piling pressure on the country's leaders to restore economic stability.

The news comes after the the country's donors warned that rising inflation and weakness in the dong currency could seriously hurt the nation's growth prospects.

The General Statistics Office said consumer prices would likely rise 9.2 per cent in 2010, well up from 6.88 percent last year and higher than the government's target ceiling of eight per cent.


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