Vietnam Inflation June 2017

Vietnam

Vietnam: Inflation falls to 10-month low in June

June 29, 2017

In June, consumer prices fell 0.17% from the previous month, which marked a less steep decline than May’s 0.53% drop. According to the General Statistics Office of Vietnam, lower prices for foodstuffs and traffic drove the result.

Inflation came in at a 10-month low of 2.5% in June, down from May’s 3.2%. Average annual inflation remained at May’s level however, at 3.9%.

Core consumer prices, which exclude food items, energy products and commodities, increased 0.10% in June, edging up from 0.08% in the previous month. Meanwhile, core inflation stood unchanged at 1.3%.

FocusEconomics Consensus Forecast panelists expect inflation to average 4.1% in 2017, which is down 0.2 percentage points from last month’s forecast. According to the panel, average inflation will accelerate to 4.5% in 2018.


Author:, Economist

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Vietnam Inflation Chart


Vietnam Inflation June 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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