Vietnam Inflation November 2016

Vietnam

Vietnam: Inflation climbs further in November

In November, consumer prices in Vietnam increased 0.48% from the previous month, which was below October’s 0.83% increase. According to the General Statistics Office of Vietnam, October’s reading reflected higher or equal prices in all but one of the categories.

Inflation came in at 4.5% in November, which was higher than October’s 4.1% reading. Meanwhile, annual average inflation was 2.3% in November (October: 2.0%).

Core consumer prices, which exclude food items, energy products and commodities, increased 0.10% in November, which was marginally above October’s result. Core inflation was 1.9% in November, which mirrored October’s number.

FocusEconomics Consensus Forecast panelists expect inflation to average 3.7% in 2016, which is unchanged from last month’s forecast. According to the panel, average inflation will accelerate to 4.5% in 2017, which is up 0.4 percentage points from last month’s projection.


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Vietnam Inflation Chart


Vietnam Inflation November 2016

Note: Annual and monthly variation of consumer prices index in %.
Source: General Statistics Office of Vietnam (GSO) and FocusEconomics calculations.


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