Vietnam Inflation

Vietnam

Vietnam: Inflation rises in May

May 26, 2014

In May, consumer prices rose 0.20% over the previous month, which followed the 0.08% rise recorded in April. According to the General Statistics Office of Vietnam, May’s increase in prices mainly resulted from higher prices for food and catering services as well as for apparel, headwear and footwear.

Annual inflation rose from 4.5% in April to 4.7% in May. Despite the increase, inflation remains below the Central Bank’s target range of between 6.0% and 6.5%. Annual average inflation fell from 5.9% in April to 5.7% in May and now sits at the lowest level since April 2010.

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 May 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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