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.