Vietnam: Inflation inches up in April
April 30, 2018
Consumer prices rose 0.08% over the previous month in April, according to the General Statistics Office of Vietnam. This contrasted the 0.27% month-on-month decline in March. A breakdown of the data shows an increase in 6 out of the 11 sub-components, a dip in 4, and a flat reading for the remaining 2. Prices for traffic increased the most, while prices for food and foodstuff fell by the biggest magnitude.
Inflation inched up to 2.8% in April from 2.7% in March, edging closer to the Central Bank’s target of 4.0%. Annual average inflation moved down from 3.0% in March to 2.9% in April. Core consumer prices—which excludes prices for rent, electricity, water, fuel and construction materials costs—increased 0.05% over the previous month in April, swinging from a 0.09% month-on-month fall in March. Core inflation inched down from 1.4% in March to 1.3% in April.
Author: Nihad Ahmed, Economist