Vietnam Inflation September 2020


Vietnam: Inflation falls to lowest level since May in September

September 29, 2020

Consumer prices increased 0.12% in September over the previous month, broadly unchanged from August's 0.07% increase. Looking at the details of the release, education prices rose at a quicker pace in September compared to the previous month, while prices pressures for transportation fell.

Inflation came in at 3.0% in September, easing slightly from August’s 3.2%. September's reading marked the lowest inflation rate since May. Annual average inflation edged up to 3.8% in September (August: 3.7%).

Looking ahead, our panelists see inflation remaining moderate, which should provide room for the State Bank of Vietnam to continue to adopt an accommodative monetary stance.

FocusEconomics Consensus Forecast panelists expect inflation to average 3.3% in 2020, which is unchanged from last month’s forecast. For 2021, the panel projects inflation to average 3.2%, which is also unchanged from last month’s forecast.


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Vietnam Inflation Chart

Vietnam Inflation September 20 20

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

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