Vietnam: Inflation eases in September
September 25, 2013
In September, consumer prices increased 1.06% over the previous month, which was slightly above the 0.83% rise seen in August. According to the General Statistics Office of Vietnam, the increase was due to higher prices for education and health care.
Annual inflation decreased from 7.5% in July to 6.3% in September. Inflation is now within the target range of between 6.0% and 6.5% for this year. Annual average inflation remained unchanged at the 6.9% increase also recorded in August.
FocusEconomics Consensus Forecast panelists expect headline inflation to average 6.7% in 2013, which is up 0.1 percentage points from last month's forecast. According to the panel, average inflation will accelerate to 7.5% in 2014.
Author: Dirina Mançellari, Senior Economist