Vietnam Inflation


Vietnam: Inflation reaches lowest rate in nearly five years

October 1, 2014

In September, consumer prices rose 0.40% over the previous month, which was up from the 0.22% increase recorded in August and marked the fastest increase in seven months. According to the General Statistics Office of Vietnam, September’s increase mainly resulted from higher prices for food and foodstuffs as well as for beverages and tobacco.

Annual inflation fell from 4.3% in August to 3.6% in September, which marked the lowest rate since October 2009. Inflation remains well below the Central Bank’s target of 7.0% for 2014. Annual average inflation fell from 5.2% in August to 4.9% in September and now sits at the lowest level since July 2004.

FocusEconomics Consensus Forecast panelists expect headline inflation to average 5.5% in 2014, which is down 0.6 percentage points from last month’s forecast. According to the panel, average inflation should accelerate to 6.8% in 2015.

Author:, Senior Economist

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Vietnam Inflation Chart

Vietnam Inflation September 2014

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

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