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Vietnam Inflation August 2020

Vietnam: Inflation decreases in August

Consumer prices increased 0.07% in August over the previous month, after the 0.40% rise logged in July. August’s result marked the weakest reading since May. Looking at the details of the release, prices for food rebounded in August. In contrast, prices for transportation rose at a slower pace.

Inflation ticked down to 3.2% in August, following July’s 3.4%. Meanwhile, the trend was unchanged with annual average inflation coming in at July’s 3.7% in August.

Looking ahead, our panelists see inflation remaining under control due to low energy prices compared to last year, which should provide room for the State Bank of Vietnam to continue to adopt an accommodative monetary stance.

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