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.
Author: Dirina Mançellari, Senior Economist