Vietnam: Inflation surges in October
October 29, 2016
In October, consumer prices increased 0.83% over from the previous month, which was above September’s 0.54% increase. According to the General Statistics Office of Vietnam, October’s reading reflected higher prices in all but two of the 11 components of the index, with prices for healthcare and medicine rising the most.
Inflation came in at 4.1% in October, which was a sharp acceleration from September’s 3.3%. Meanwhile, annual average inflation was 2.0% in October (September: 1.6%).
Core consumer prices, which exclude food items, energy products and commodities, increased 0.07% in October, which matched September’s result. Core inflation was 1.9% in October, which also mirrored September’s number.