Vietnam: Inflation at three-year high in January
February 2, 2017
Consumer prices increased 0.46% from the previous month in January, up from December’s 0.23% increase. According to the General Statistics Office of Vietnam, higher prices for transportation and healthcare were behind January’s increase.
Inflation came in at 5.2% in January, which was above December’s 4.7% reading and the highest result in three years. As a consequence, annual average inflation was 3.0% in January, up from 2.7% in December.
Core consumer prices, which exclude food items, energy products and commodities, increased 0.28% in January, which was above December’s 0.11% rise. Core inflation was 1.9% in January, which mirrored December’s number.