Vietnam Inflation July 2022

Vietnam

Vietnam: Inflation moderates in July

July 29, 2022

Consumer prices rose 0.40% from the previous month in July, a smaller increase than the 0.69% rise logged in June. Looking at the details of the release, prices for food rose at a faster pace in July, although prices for transportation dropped after growing in the previous month. Meanwhile, education prices were largely stable.

Inflation came in at 3.1% in July, down from June’s 3.4%. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 2.4% in July (June: 2.3%).

FocusEconomics Consensus Forecast panelists expect inflation to average 3.7% in 2022, which is unchanged from last month’s forecast, and 3.8% in 2023.


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Vietnam Inflation July 2022

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


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