Vietnam Inflation

Vietnam

Vietnam: Inflation inches down in July

July 24, 2014

In July, consumer prices rose 0.23% over the previous month, which followed the 0.30% increase recorded in June. According to the General Statistics Office of Vietnam, July’s increase mainly resulted from higher prices for food and foodstuff as well as for housing and construction materials.

Annual inflation inched down from 5.0% in June to 4.9% in July. Inflation remains below the Central Bank’s target of 7.0% for 2014. Annual average inflation inched down from 5.6% in June to 5.4% in July and now sits at the lowest level since August 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 July 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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