Vietnam Inflation October 2018


Vietnam: Inflation edges down in October

October 30, 2018

According to the General Statistics Office of Vietnam, consumer prices rose 0.33% over the prior month in October, down from the 0.59% increase in September. A breakdown of the data showed that 10 out of the 11 sub-components registered higher prices, with traffic showing the biggest rise in prices. Meanwhile, the remaining sub-component, postal services and telecommunications, saw a fall in prices from the previous month.

Inflation ticked down to 3.9% in October from 4.0% in September, just shy of the Central Bank’s target of 4.0%. Meanwhile, annual average inflation was stable at September’s 3.4% in October. Core consumer prices, which excludes prices for rent, electricity, water, fuel and construction materials, rose 0.13% over the previous month in October, following a 0.14% month-on-month uptick in September. Finally, core inflation inched up to 1.7% in October (September: 1.6%).

FocusEconomics Consensus Forecast panelists expect inflation to average 4.1% in 2019, which is unchanged from last month’s forecast. For 2020, the panel projects inflation to average 4.2%.


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Vietnam Inflation Chart

Vietnam Inflation October 2018

Note: Annual and monthly variation of consumer prices index in %.
Source: General Statistics Office of Vietnam (GSO) and FocusEconomics calculations.

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