{"title":"越南居民消费价格指数与汽油和生猪价格的关系评价","authors":"Pham Minh Thuy","doi":"10.12691/jfe-10-3-1","DOIUrl":null,"url":null,"abstract":"This study examines the link between inflation with fuel prices and hog prices in the Vietnamese context using Error Correction Model (ECM). It reveals that the change in the current gasoline and hog prices will produce a positive effect on Consumer Price Index (CPI) values in the next month. Because of the high speed of adjusting CPI to long-term equilibrium, Vietnam’s CPI needs more than a month to reach this equilibrium. Taken together, these findings provide some suggestions for using the fluctuations in petroleum and hog prices as warning indicators for a more accurate CPI forecast in Vietnam. Moreover, it is recommended that other factors, for example, the changes in gasoline prices and hog prices, are added in predicting CPI.","PeriodicalId":53491,"journal":{"name":"Journal of Economics, Finance and Administrative Science","volume":null,"pages":null},"PeriodicalIF":2.3000,"publicationDate":"2022-09-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Evaluating the Relationship between Consumer Price Index with Gasoline and Hog Prices in Vietnam\",\"authors\":\"Pham Minh Thuy\",\"doi\":\"10.12691/jfe-10-3-1\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This study examines the link between inflation with fuel prices and hog prices in the Vietnamese context using Error Correction Model (ECM). It reveals that the change in the current gasoline and hog prices will produce a positive effect on Consumer Price Index (CPI) values in the next month. Because of the high speed of adjusting CPI to long-term equilibrium, Vietnam’s CPI needs more than a month to reach this equilibrium. Taken together, these findings provide some suggestions for using the fluctuations in petroleum and hog prices as warning indicators for a more accurate CPI forecast in Vietnam. Moreover, it is recommended that other factors, for example, the changes in gasoline prices and hog prices, are added in predicting CPI.\",\"PeriodicalId\":53491,\"journal\":{\"name\":\"Journal of Economics, Finance and Administrative Science\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":2.3000,\"publicationDate\":\"2022-09-26\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Economics, Finance and Administrative Science\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.12691/jfe-10-3-1\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q2\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Economics, Finance and Administrative Science","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.12691/jfe-10-3-1","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
Evaluating the Relationship between Consumer Price Index with Gasoline and Hog Prices in Vietnam
This study examines the link between inflation with fuel prices and hog prices in the Vietnamese context using Error Correction Model (ECM). It reveals that the change in the current gasoline and hog prices will produce a positive effect on Consumer Price Index (CPI) values in the next month. Because of the high speed of adjusting CPI to long-term equilibrium, Vietnam’s CPI needs more than a month to reach this equilibrium. Taken together, these findings provide some suggestions for using the fluctuations in petroleum and hog prices as warning indicators for a more accurate CPI forecast in Vietnam. Moreover, it is recommended that other factors, for example, the changes in gasoline prices and hog prices, are added in predicting CPI.
期刊介绍:
The Universidad ESAN, with more than 50 years of experience in the higher education field and post graduate studies, desires to contribute to the academic community with the most outstanding pieces of research. We gratefully welcome suggestions and contributions from business areas such as operations, supply chain, economics, finance and administration. We publish twice a year, six articles for each issue.