Vietnam Inflation


Inflation drops to lowest level in more than two years

In June, consumer prices fell 0.26% over the previous month, which contrasted the 0.18% increase recorded in May and marked the lowest result since December 2008. The reading was driven by lower prices for transport and housing. As a result of the monthly drop, annual inflation plunged from 8.3% in May to 6.9% in June, which marked the lowest rate since December 2009. Annual average inflation fell from 17.6% in May to 16.4% in June.

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Vietnam Inflation Chart

Vietnam Inflation May 2012

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

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