Vietnam Inflation May 2016

Vietnam

Vietnam: Inflation in May jumps to highest level since November 2014

May 25, 2016

In May, consumer prices increased 0.54% over the previous month, which came in above April’s 0.33% rise. According to the General Statistics Office of Vietnam, April’s hike in prices reflected higher prices in all 11 components of the index, with the housing and construction material tallying the biggest increase.

Inflation went up from 1.9% in April to 2.3% in May, tallying the highest reading since November 2014. Meanwhile, annual average inflation inched up from 0.8% in April to 0.9% in May. May’s reading is the highest print in eight months.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.2% in 2016, which is up 0.1 percentage points from last month’s forecast. According to the panel, average inflation will accelerate to 3.7% in 2017.


Author: Jean-Philippe Pourcelot, Economist

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Vietnam Inflation Chart


Vietnam Inflation May 2016

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


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