Vietnam: Inflation falls to lowest level in over a decade
February 25, 2015
In February, consumer prices fell 0.05% over the previous month, which was slightly up from the 0.20% decline observed in January. According to the General Statistics Office of Vietnam, February’s decrease mainly resulted from lower prices for housing and construction materials as well as for postal services and telecommunication.
Annual inflation fell from 0.9% in January to 0.3% in February and now stands at its lowest level since November 2001. Annual average inflation decreased from 3.7% in January to 3.3% in February, which marked the lowest level since March 2004. As a result, average inflation remains well below the Central Bank’s target of 5.0% for 2015.
Author: Dirina Mançellari, Senior Economist