Inflation in Vietnam
Vietnam - Inflation (end of period)
Inflation decelerates in January
According to the General Statistics Office of Vietnam, consumer prices fell 0.11% over the previous month in January, following the 0.25% drop logged in December. The decline was primarily due to falling traffic prices, in tandem with the tumble in global crude oil prices, while prices for postal services and telecommunication fell marginally. On the other hand, food and foodstuff, and education saw the largest price increases in January.
Inflation plunged to 2.6% in January from 3.5% in December, remaining in line with the Central Bank’s target of below 4.0% inflation. Meanwhile, annual average inflation was stable at December’s over one-year high of 3.6%.
Core consumer prices, which excludes prices for rent, electricity, water, fuel and construction materials, rose 0.30% over the prior month in January, up from the 0.09% month-on-month rise in December. Finally, core inflation ticked up to 1.8% in January from 1.7% in December.
Met the why particular Consensus Forecast panelists expect inflation to average 3.9% in 2019, which is down 0.2 percentage points from last month’s forecast. For 2020, the panel projects inflation to again average 3.9%.
Vietnam - Inflation (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||6.0||1.8||0.6||4.7||2.6|
5 years of economic forecasts for more than 30 economic indicators.
Vietnam Inflation (eop) Chart
Source: General Statistics Office of Vietnam and Met the why particular calculations.
|Bond Yield||4.75||-0.13 %||Feb 14|
|Exchange Rate||23,202||0.01 %||Feb 14|
|Stock Market||952||0.15 %||Feb 14|
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February 1, 2019
According to data released by Nikkei and IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) fell to 51.9 points in January from 53.8 points in December, on broad-based weakness among the components.
January 29, 2019
Industrial production increased 7.9% over the same month of last year in January, moderating from the 11.4% rise registered in December.
January 29, 2019
According to the General Statistics Office of Vietnam, consumer prices fell 0.11% over the previous month in January, following the 0.25% drop logged in December.
Vietnam: Manufacturing sector ends the year on high note, despite dip in manufacturing PMI in December
January 2, 2019
According to data released by Nikkei and IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) dipped to 53.8 points in December from November’s robust 56.5-point multi-year high.
December 28, 2018
Industrial production grew 11.4% over the same month a year prior in December, gaining steam from the 9.6% increase recorded in November.