Vietnam: Inflation picks up in March
March 24, 2015
In March, consumer prices rose 0.15% over the previous month, which contrasted the 0.05% decrease seen in the previous month and marked the fastest increase in six months. According to the General Statistics Office of Vietnam, March’s increase mainly resulted from higher prices for food as well as for housing and construction materials.
Annual inflation rose from 0.3% in February to 0.9% in March. Annual average inflation decreased from 3.3% in February to 3.0% in March, which marked the lowest level since September 2002. As a result, average inflation remains well below the Central Bank’s target of 5.0% for 2015.
Author: Dirina Mançellari, Senior Economist