Inflation in Vietnam
Vietnam - Inflation
Inflation stays muted in August
According to the General Statistics Office of Vietnam, consumer prices rose 0.28% in August over the prior month, up from July’s 0.18% increase. August’s reading was driven by higher prices for health and education.
Inflation ticked down from 2.4% in July to 2.3% in August, remaining in line with the Central Bank’s target of below 4.0% inflation. Core inflation was stable at 2.0%. Moderate inflation so far this year can largely be attributed to muted oil and food prices.
Looking ahead, inflation is seen rising somewhat from its current level on strong domestic demand, but should stay on target nonetheless.
FocusEconomics Consensus Forecast panelists expect inflation to average 2.9% in 2019 and 3.6% in 2020.
Vietnam - Inflation Data
|Inflation Rate (CPI, annual variation in %)||6.6||4.1||0.6||2.7||3.5|
5 years of economic forecasts for more than 30 economic indicators.
Vietnam Inflation Chart
Source: General Statistics Office of Vietnam and FocusEconomics calculations.
|Bond Yield||4.14||-0.13 %||Sep 04|
|Exchange Rate||23,200||0.01 %||Sep 04|
|Stock Market||978||0.15 %||Sep 04|
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September 3, 2019
According to data released by IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) fell from 52.6 in July to 51.4 in August.
August 29, 2019
According to the General Statistics Office of Vietnam, consumer prices rose 0.28% in August over the prior month, up from July’s 0.18% increase.
August 29, 2019
Industrial production rose 10.5% in August, up from July’s revised 9.8% increase (previously reported: +9.7% year-on-year).
August 1, 2019
According to data released by Nikkei and IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) inched up from 52.5 in June to 52.6 in July.
July 29, 2019
Industrial production rose 9.7% in July, up from June’s revised 9.0% increase (previously reported: +9.6% year-on-year).