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.
Author: Robert Hill, Economist