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.
Author: Nihad Ahmed, Economist