Consumption in Vietnam

Vietnam Consumption | Economic News & Forecasts

Vietnam - Consumption

Inflation falls to lowest level since October in April

Consumer prices fell 1.54% from the previous month in April, below March's 0.72% drop. Looking at the details of the release, food prices increased in April. In contrast, transport prices plummeted amid low oil prices. Meanwhile, education prices were largely stable.

Inflation fell to 2.9% in April, down from March’s 4.9%. April's figure represented the lowest inflation rate since October 2019. Meanwhile, the trend was unchanged, with annual average inflation coming in at March's 3.5% in April.

Looking ahead, our panelists see inflation remaining under control due to mild growth and low fuel prices.

FocusEconomics Consensus Forecast panelists expect inflation to average 3.5% in 2020, which is down 0.6 percentage points from last month’s forecast. For 2021, the panel projects inflation to average 3.4%.

Vietnam - Consumption Data

2014   2015   2016   2017   2018  
Consumption (annual variation in %)6.1  9.3  7.3  7.4  7.3  

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Vietnam Facts

Value Change Date
Bond Yield3.38-0.13 %Dec 31
Exchange Rate23,1730.01 %Jan 01

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