Vietnam: Inflation at nine-month low in May
May 27, 2017
Consumer prices in Vietnam declined 0.53% from the previous month in May (April: +0.00% month-on-month), the steepest decline since December 2008. According to the General Statistics Office of Vietnam, prices for food and foodstuffs declined and the remaining categories were broadly stable.
Inflation came in at 3.2% in May, a nine-month low and notably lower than April’s 4.3%. However, annual average inflation was 3.9% in May, the highest number recorded in over two years (April: 3.8%).
Core consumer prices, which exclude food items, energy products and commodities, inched up 0.08% on a month-on-month basis in May (April: +0.09% mom). Core inflation came in at 1.3% in May, below the 1.5% seen in April.