Vietnam: Inflation declines in July
Latest reading: Inflation fell to 3.2% in July from June’s 3.6%, marking the weakest inflation rate since April, and remaining below the government’s 4.5% inflation target. Looking at the details of the release, the result was driven by moderating price pressures for food plus housing and construction materials. Moreover, transportation costs dropped at a steeper pace.
In addition, the trend pointed down mildly, with annual average inflation coming in at 3.1% in July (June: 3.2%).
Finally, consumer prices increased 0.11% in July over the previous month, coming in below the 0.48% rise logged in June. July’s result marked the weakest reading since April.