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Vietnam's Inflation Explosion

Posted on May 28, 2008

The Vietnam National Statistics Office announced this week that the country's inflation rate shot up to 25.2 percent in May (when compared with same month last year). Prices increased by an estimated 3.91 percent between April and May alone, a period that saw panic shopping for rice as prices surged. This was the highest month-to-month rise since 1995 according to Statistics Office. As can be...

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