VCSC Daily: Two days rally ended amidst fears over global crisis
  • 2011-11-24T00:00:00
  • Market Commentary
Though it was the first time in 15 months that the national MoM CPI figure was below its 10-year average for its respective month, what would seem like relatively positive news was muted by the fact the MoM CPI ultimately accelerated from October. A jump in rice prices and other foodstuff was the main driver for the MoM increase. In contrast, the removal of November 2010’s unseasonably high figure from the YoY CPI calculation helped it drop from 21.6% in October to 19.8%. Should December’s infla