Vietnam: Inflation inches down in November
November 25, 2013
In November, consumer prices rose 0.34% over the previous month, which was below the 0.49% increase recorded in October. According to the General Statistics Office of Vietnam, November's result was due to higher prices for food and education.
Annual inflation inched down from 5.9% in October to 5.8% in November. Inflation remains slightly below the Central Bank's 2013 target range of between 6.0% and 6.5%. Annual average inflation decreased from 6.8% in October to 6.7% in November.
FocusEconomics Consensus Forecast panelists expect headline inflation to average 6.7% in 2013, which is up 0.1 percentage points from last month's forecast. According to the panel, average inflation will accelerate to 7.5% in 2014, which is up 0.4 percentage points from last month's estimate.
Author: Dirina Mançellari, Senior Economist