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Vietnam's inflation increased in April, exceeding expectations. The rise was driven by surging global energy prices due to the Iran war. These higher prices began impacting transport and input costs in the country.
order-order.comVietnam's inflation rose above forecasts in April, influenced by global energy price increases linked to the Iran war affecting transport and inputs, @business reported. The inflation increase in April exceeded expectations, according to the report. Global energy prices surged due to the Iran war, marking a key factor in the economic shift.
The surge in global energy prices began affecting transport and input costs in Vietnam in April, contributing to the overall inflation rise.
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The Federal Open Market Committee voted unanimously last Wednesday to keep its benchmark rate between 3.5 percent and 3.75 percent. Officials cited inflation still above the 2 percent target after prices rose 4.2 percent year over year in May.