Vietnam: Inflation inches up in April
April 28, 2014
In April, consumer prices rose 0.08% over the previous month, which contrasted the 0.44% fall recorded in March. According to the General Statistics Office of Vietnam, April's increase in prices mainly resulted from higher prices for food and catering as well as for medicines and medical services. Annual inflation inched up from 4.4% in March to 4.5% in April. Despite the increase, inflation remains below the Central Bank's target range of between 6.0% and 6.5%. Annual average inflation edged down from 6.1% in March to 5.9% in April. FocusEconomics Consensus Forecast panelists expect headline inflation to average 7.4% in 2014, which is up 0.1 percentage points from last month's forecast. According to the panel, average inflation should accelerate to 7.8% in 2015.
Author: Dirina Mançellari, Senior Economist