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.