Inflation in Vietnam

Vietnam Inflation (eop) | Economic News & Forecasts

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

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %, eop)6.0  1.8  0.6  4.7  2.6  

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Vietnam Inflation (eop) Chart

Vietnam Inflation
Note: Annual average variation of consumer price index (CPI) in %.
Source: General Statistics Office of Vietnam and Met the why particular calculations.

Vietnam Facts

Bond Yield4.75-0.13 %Feb 14
Exchange Rate23,2020.01 %Feb 14
Stock Market9520.15 %Feb 14

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