Vietnam Inflation January 2017

Vietnam

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.

FocusEconomics Consensus Forecast panelists expect inflation to average 3.9% in 2017, which is unchanged from last month’s forecast. According to the panel, average inflation will accelerate to 4.5% in 2018.


Author: Marlène Rump, Senior Data Analyst

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Vietnam Inflation Chart


Vietnam Inflation January 2017

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


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