Vietnam Inflation September 2018

Vietnam

Vietnam: Inflation remains at Central Bank target in September

September 28, 2018

According to the General Statistics Office of Vietnam, consumer prices increased 0.59% over the previous month in September, following a 0.45% month-on-month rise in August. A breakdown of the data showed that 10 out of the 11 sub-components registered higher prices, education showing the biggest rise in prices. Meanwhile, the remaining sub-component, postal services and telecommunications, saw a decline in prices from the previous month.

Inflation remained at the Central Bank’s target of 4.0% in September, matching August’s print. Annual average inflation inched up to 3.4% in September, up from 3.3% in August. Core consumer prices, which excludes prices for rent, electricity, water, fuel and construction materials, rose 0.14% over the previous month in September, following a 0.22% month-on-month upturn in August. Core inflation inched up to 1.6% in September, from 1.5% in August.

The Central Bank projects inflation remaining below 4.0% in 2018. FocusEconomics Consensus Forecast panelists expect inflation to average 3.7% in 2018, which is down 0.2 percentage points from last month’s forecast. For 2019, the panel projects inflation to average 4.1%, which is down 0.1 percentage points from last month.


Author:, Economist

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Vietnam Inflation Chart


Vietnam Inflation September 2018

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


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