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.
Author: Robert Hill, Economist