Vietnam Inflation December 2016

Vietnam

Vietnam: Inflation ticks up to 29-month high in December

December 26, 2016

Consumer prices increased 0.23% from the previous month in December, which was below November’s 0.48% increase. According to the General Statistics Office of Vietnam, prices for healthcare increased sharply, while all other consumer prices changed only slightly.

Inflation came in at 4.7% in December, which was above November’s 4.5% reading and the highest result in over two years. As a consequence, annual average inflation was 2.7% in December (November: 2.3%).

Core consumer prices, which exclude food items, energy products and commodities, increased 0.11% in December, which was marginally above November’s result. Core inflation was 1.9% in December, which mirrored November’s number.

FocusEconomics Consensus Forecast panelists expect inflation to average 3.9% in 2017, which is up 0.2 percentage points from last month’s forecast. According to the panel, average inflation will accelerate to 4.8% in 2018.


Author: Marlène Rump, Senior Data Analyst

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Vietnam Inflation December 2016 0

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


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