Vietnam Inflation


Vietnam: Inflation inches up in April

April 24, 2015

In April, consumer prices increased 0.14% over the previous month, which was slightly below March’s increase of 0.15%. According to the General Statistics Office of Vietnam, April’s moderate increase in prices resulted from modest gains in eight of the eleven components of the index, the most notable of which was the automotive component.

Annual inflation increased from 0.9% in March to 1.0% in April and now stands at its highest level in four months. However, annual average inflation decreased from 3.0% in March to 2.8% in April, which marked the lowest level since August 2002. As a result, average inflation remains well below the Central Bank’s target of 5.0% for 2015.

FocusEconomics Consensus Forecast panelists expect headline inflation to average 2.7% in 2015, which is down 0.1 percentage points from last month’s forecast. According to the panel, average inflation will accelerate to 4.5% in 2016.

Author:, Economist

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Vietnam Inflation Chart

Vietnam Inflation April 2015

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

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