Vietnam: Inflation falls in October
October 25, 2013
In October, consumer prices rose 0.49% over the previous month, which was well below the 1.06% increase recorded in September. According to the General Statistics Office of Vietnam, October's increase was due to higher prices for food and education, which offset lower prices for telecommunication.
Annual inflation edged down from 6.3% in September to 5.9% in October. As a result, inflation is now slightly below the target range of between 6.0% and 6.5% for this year. Annual average inflation inched down from 6.9% in September to 6.8% in October.
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, which is up 0.4 percentage points from last month's estimate.
Author: Dirina Mançellari, Senior Economist