Vietnam: Inflation edges down from 15-month high in July
July 31, 2018
According to the General Statistics Office of Vietnam, consumer prices declined 0.09% over the previous month in July, contrasting a 0.61% month-on-month increase in June. A breakdown of the data shows that eight out the 11 sub-components registered higher prices, while the remaining three sub-components recorded lower prices. Prices for food and foodstuff rose the most, while prices for medicine and healthcare fell the most.
Inflation edged down to 4.5% in July from June’s 15-month high of 4.7%, remaining above the Central Bank’s target of 4.0%. Meanwhile, annual average inflation edged up to 3.3% in July from 3.1% in June. Core consumer prices, which excludes prices for rent, electricity, water, fuel and construction materials, increased 0.15% over the previous month, following a 0.10% rise over the previous month in June. Core inflation remained stable at 1.4% in July.
Author: Nihad Ahmed, Economist