Vietnam Inflation

Vietnam

Vietnam: Inflation stable in May

May 24, 2015

In May, consumer prices increased 0.16% over the previous month, which was virtually in line with April’s increase of 0.14%. According to the General Statistics Office of Vietnam, May’s moderate increase in prices resulted from modest gains in nine of the eleven components of the index, the most notable of which was in housing and construction materials.

Annual inflation was stable in May at April’s 1.0%. However, annual average inflation continued its deceleration, falling from 2.8% in April to 2.4% in May, thus marking the lowest level since July 2002. As a result, average inflation remains well below the Central Bank’s target of 5.0% for 2015.

FocusEconomics Consensus Forecast panelists expect headline inflation to average 2.5% in 2015, which is down 0.1 percentage points from last month’s forecast. According to the panel, average inflation will accelerate to 4.5% in 2016.


Author:, Economist

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Vietnam Inflation Chart


Vietnam Inflation May 2015

Note: Annual and monthly variation of consumer prices index in %.
Source: General Statistics Office of Vietnam (GSO) and FocusEconomics calculations.


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