Vietnam Inflation

Vietnam

Vietnam: Inflation falls to lowest rate in almost six years

August 25, 2014

In August, consumer prices rose 0.22% over the previous month, which was slightly down from the 0.23% increase recorded in July. According to the General Statistics Office of Vietnam, August’s increase mainly resulted from higher prices for food and foodstuff as well as for beverages and tobacco.

Annual inflation fell from 4.9% in July to 4.3% in August, 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 5.4% in July to 5.2% in August and now sits at the lowest level since July 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 August 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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