Vietnam Inflation April 2017

Vietnam

Vietnam: Inflation cools to six-month low in April

April 29, 2017

Consumer prices in Vietnam were unchanged from the previous month in April (March: +0.21% month-on-month). According to the General Statistics Office of Vietnam, higher prices for healthcare were offset by lower prices for food, traffic and housing.

Inflation came in at 4.3% in April, a six-month low and notably lower than March’s 4.7%. However, annual average inflation was 3.8% in April, the highest number recorded in over two years (March: 3.6%).

Core consumer prices, which exclude food items, energy products and commodities, inched up 0.09% on a month-on-month basis in April, after recording no change in March. Core inflation came in at 1.5% in April, a notch below the 1.6% seen in March.

FocusEconomics Consensus Forecast panelists expect inflation to average 4.1% in 2017, which is unchanged from last month’s forecast. According to the panel, average inflation will accelerate to 4.4% in 2018.


Author: Marlène Rump, Senior Data Analyst

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Vietnam Inflation Chart


Vietnam Inflation April 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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