Vietnam: Inflation rises in December
December 28, 2013
In December, consumer prices rose 0.51% over the previous month, which was above the 0.34% rise recorded in November. According to the General Statistics Office of Vietnam, December's result was due to higher prices for housing and construction materials as well as for catering and related services.
Annual inflation inched up from 5.8% in November to 6.0% in December. As a result, inflation is now within the Central Bank's target range of between 6.0% and 6.5%. Annual average inflation edged down from 6.7% in November to 6.6% in December.
FocusEconomics Consensus Forecast panelists expect headline inflation to average 7.4% in 2014, which is unchanged from last month's forecast. According to the panel, average inflation will accelerate to 7.8% in 2015.
Author: Dirina Mançellari, Senior Economist