Vietnam Inflation August 2019

Vietnam

Vietnam: Inflation stays muted in August

August 29, 2019

According to the General Statistics Office of Vietnam, consumer prices rose 0.28% in August over the prior month, up from July’s 0.18% increase. August’s reading was driven by higher prices for health and education.

Inflation ticked down from 2.4% in July to 2.3% in August, remaining in line with the Central Bank’s target of below 4.0% inflation. Core inflation was stable at 2.0%. Moderate inflation so far this year can largely be attributed to muted oil and food prices.

Looking ahead, inflation is seen rising somewhat from its current level on strong domestic demand, but should stay on target nonetheless.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.9% in 2019 and 3.6% in 2020.


Author:, Economist

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Vietnam Inflation Chart


Vietnam Inflation August 2019

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


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