Vietnam: Inflation steady in July
July 24, 2016
In July, consumer prices increased 0.13% over the previous month, which came in below June’s 0.46% increase. According to the General Statistics Office of Vietnam, June’s reading reflected higher prices in 7 of the 11 components of the index, with the traffic component tallying the biggest increase.
Inflation in July remained steady at the 2.4% print observed in June. Meanwhile, annual average inflation inched up from 1.1% in June to 1.2% in July. July’s reading is the highest print in 10 months.
Core consumer prices, which exclude food items, energy products and commodities, increased 0.10% in July, coming in below June’s 0.13% rise. Core inflation stayed put in July at June’s 1.9% reading.