Vietnam: Inflation edges down in October
According to the General Statistics Office of Vietnam, consumer prices rose 0.33% over the prior month in October, down from the 0.59% increase in September. A breakdown of the data showed that 10 out of the 11 sub-components registered higher prices, with traffic showing the biggest rise in prices. Meanwhile, the remaining sub-component, postal services and telecommunications, saw a fall in prices from the previous month.
Inflation ticked down to 3.9% in October from 4.0% in September, just shy of the Central Bank’s target of 4.0%. Meanwhile, annual average inflation was stable at September’s 3.4% in October. Core consumer prices, which excludes prices for rent, electricity, water, fuel and construction materials, rose 0.13% over the previous month in October, following a 0.14% month-on-month uptick in September. Finally, core inflation inched up to 1.7% in October (September: 1.6%).