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.