Vietnam Inflation


Vietnam: Inflation inches up in November

November 25, 2015

In November, consumer prices rose 0.07% over the previous month, which came below October’s 0.11% rise. According to the General Statistics Office of Vietnam, November’s price hike reflected increases in 9 of the 11 components of the index, where the housing and construction material component reported the biggest rise.

Annual consumer prices went from a flat reading in October to a 0.3% increase in November. While this is the highest in three months, inflation is still hovering around historically-low levels. Meanwhile, annual average inflation decreased from 0.9% in October to 0.7% in November, which marked the lowest level since March 2002. As a result, average inflation is now further below the Central Bank’s target of 5.0% for 2015.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.9% in 2015, which is down 0.2 percentage points from last month’s forecast. According to our panel, average inflation will accelerate to 3.1% in 2016, which is down 0.4 percentage points from the previous month’s estimate.

Author: Jean-Philippe Pourcelot, Economist

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Vietnam Inflation Chart

Vietnam Inflation November 2015

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

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