Vietnam: Inflation stable in June
June 25, 2015
In June, inflation came in at 0.35% over the previous month, which was above May’s increase of 0.16%. According to the General Statistics Office of Vietnam, June’s increase in inflation resulted from a strong increase in the price of transportation, while seven of the other 11 components of the index observed modest gains.
Annual inflation in June was level at May’s 1.0%, maintaining the highest reading in six months. However, annual average inflation decreased from 2.4% in May to 2.1% in June, which marked the lowest level since June 2002. As a result, average inflation remains well below the Central Bank’s target of 5.0% for 2015.
Author: Robert Hill, Economist