Vietnam: Inflation falls to lowest level in over five years
November 25, 2014
In November, consumer prices fell 0.27% over the previous month, which contrasted the 0.11% increase recorded in October and marked the fastest increase in eight months. According to the General Statistics Office of Vietnam, November’s increase mainly resulted from lower prices for food and foodstuff as well as housing and construction materials.
Annual inflation fell from 3.2% in October to 2.6% in November, which marked the lowest rate since September 2009. Inflation remains below the Central Bank’s target of 4.0% for 2014. Annual average inflation fell from 4.7% in October to 4.4% in November and now sits at the lowest level since June 2004.
Author: Dirina Mançellari, Senior Economist