Vietnam Inflation


Vietnam: Inflation falls to lowest level in five years

October 27, 2014

In October, consumer prices rose 0.11% over the previous month, which was down from the 0.40% increase recorded in September and marked the slowest increase in six months. According to the General Statistics Office of Vietnam, October’s increase mainly resulted from higher prices for education as well as for medicine and health care.

Annual inflation fell from 3.6% in September to 3.2% in October, which marked the lowest rate since October 2009. Inflation remains well below the Central Bank’s target of 7.0% for 2014. Annual average inflation fell from 4.9% in September to 4.7% in October and now sits at the lowest level since June 2004.

FocusEconomics Consensus Forecast panelists expect headline inflation to average 5.5% in 2014, which is down 0.6 percentage points from last month’s forecast. According to the panel, average inflation should accelerate to 6.8% in 2015.

Author:, Senior Economist

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Vietnam Inflation Chart

Vietnam Inflation October 2014

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

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