Vietnam Inflation June 2016

Vietnam

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.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.3% in 2016, which is unchanged from last month’s forecast. According to the panel, average inflation will accelerate to 3.8% in 2017.


Author: Jean-Philippe Pourcelot, Economist

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Vietnam Inflation Chart


Vietnam Inflation June 2016

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


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