Vietnam: Inflation falls to lowest level in over 13 years
January 28, 2015
In January, consumer prices fell 0.20% over the previous month, which was slightly up from the 0.24% decline observed in December. According to the General Statistics Office of Vietnam, January’s decrease mainly resulted from lower prices for housing and construction materials as well as for transport.
Annual inflation fell from 1.8% in December to 0.9% in January and now stands at its lowest level since December 2001. Annual average inflation decreased from 4.1% in December to 3.7% in January, which marked the lowest level since April 2004. As a result, average inflation remains well below the Central Bank’s target of 5.0% for 2015.
Author: Dirina Mançellari, Senior Economist