The consumer price index (CPI), a calculator for the inflation rate, is forecast to rocket this month by 3.16 percent in capital Hanoi, but slightly rise by 0.36 percent in southern Ho Chi Minh City, over last month, local statistics office reported Wednesday.

Specifically, Hanoi's August CPI would post an increase of 5. 19 percent over that in December 2012 and by 8.7 percent year on year.

Insiders attributed the sharp CPI increase in August to the increased prices of 10 out of 11 groups of commodities calculated for the CPI, Of which prices of the medical services posted the highest rise by 63.94 percent, followed by the transport with 1.13 percent and fuel and construction materials with 0.95 percent, over the previous month.

In the southern economic hub of Ho Chi Minh City, August CPI would push the index to 1.26 percent compared to December 2012, and 3.17 percent over the same period last year.

Prices of the transport hit the highest increase at 1.24 percent, while those of the post-telecom group maintained and of the education decreased 0.01 percent. Endi

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