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Vietnam Inflation October 2023

Vietnam: Inflation falls in October

Inflation came in at 3.6% in October, which was down from September’s 3.7% and comfortably below the government’s 4.5% target ceiling. The slowdown was largely due to softer growth in prices for food. Moreover, prices for housing and construction materials grew at a more subdued pace.

Annual average inflation fell to 3.4% in October (September: 3.5%).

Lastly, consumer prices increased 0.08% from the previous month in October, slowing down from September’s 1.08% rise. October’s result marked the weakest reading since May.

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