Vietnam Inflation March 2017

Vietnam

Vietnam: Inflation eases in March

March 29, 2017

Consumer prices in Vietnam increased 0.21% from the previous month in March, slightly down from February’s 0.23% increase. According to the General Statistics Office of Vietnam, higher prices for housing and healthcare drove the consumer price index up in March, but lower prices for food slowed the increase.

Inflation came in at 4.7% in March, receding for the second consecutive time from January’s three-year high of 5.2% (February 5.0%). However, annual average inflation was 3.6% in March, up from February’s 3.3%, the highest result in two years.

Core consumer prices, which exclude food items, energy products and commodities, were flat on a month-on-month basis in March. Core inflation inched down from 1.7% in February to 1.6% in March.

FocusEconomics Consensus Forecast panelists expect inflation to average 4.1% in 2017, which is up 0.2 percentage points from last month’s forecast. According to the panel, average inflation will accelerate to 4.3% in 2018.


Author: Marlène Rump, Senior Data Analyst

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Vietnam Inflation March 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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