Vietnam Inflation September 2022

Vietnam

Vietnam: Inflation comes in at highest level since March 2020 in September

September 29, 2022

Inflation came in at 3.9% in September, up from August’s 2.9%. September's figure was the highest inflation rate since March 2020. Looking at the details of the release, education prices rose at a quicker pace in September compared to the previous month, while price pressures for transportation eased.

In addition, annual average inflation rose to 2.5% in September (August: 2.4%).

Lastly, consumer prices increased 0.40% in September over the previous month, following the flat result logged in August.

FocusEconomics Consensus Forecast panelists expect inflation to average 3.6% in 2022, which is down 0.1 percentage points from last month’s forecast, and 3.8% in 2023.


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Vietnam Inflation September 2022

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


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