Vietnam: Inflation inches up in June
June 24, 2016
In June, consumer prices increased 0.46% over the previous month, which came in below May’s 0.54% rise. According to the General Statistics Office of Vietnam, June’s reading reflected higher prices in 10 of the 11 components of the index, with the traffic component tallying the biggest increase.
Inflation inched up from 2.3% in May to 2.4% in June, tallying the highest reading since November 2014. Meanwhile, annual average inflation edged up from 0.9% in May to 1.1% in June. June’s reading is the highest print in nine months.
Core consumer prices, which exclude food items, energy products and commodities, increased 0.13% in June. The reading came below May’s 0.25% rise. Core inflation stayed put in June at May’s 1.9% reading.