Vietnam skyline

Vietnam Inflation February 2023

Vietnam: Inflation decelerates in February

Inflation came in at 4.3% in February, which was down from January’s 4.9%. February’s result marked the weakest inflation rate since October 2022 and was below the State Bank of Vietnam’s 4.5% average inflation target for 2023. Looking at the details of the release, prices for food and education rose at a slower pace in February and prices for transportation dropped after growing in the previous month.

Annual average inflation edged up to 3.6% in February (January: 3.4%).

Finally, consumer prices increased 0.45% from the previous month in February, moderating from January’s 0.52% rise.

Giving their view on the outlook, analysts at the EIU commented:

“Consumer price inflation will begin to ease in the second quarter of 2023, from a peak of about 5% in the first three months of the year. A more rapid deceleration will take hold in the second half of 2023 as declining global energy prices translate into easing cost-push pressures across a range of goods and services, while a higher base of comparison from the year-earlier period will also come into play.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest