Inflation in Vietnam
Vietnam - Inflation
Inflation stable in February
According to the General Statistics Office of Vietnam, consumer prices rose 0.80% in month-on-month terms in February, contrasting the 0.10% fall recorded in January. The upturn was the strongest month-on-month rise in prices since August 2017 and was chiefly driven by a surge in food prices, while housing and construction materials costs rose slightly. The print was partly offset by lower prices for education, as well as postal services and telecommunication.
Inflation, meanwhile, was stable at January’s 2.6% in February, remaining in line with the Central Bank’s target of below 4.0% inflation. Annual average inflation on the other hand ticked down to 3.5% in February, from 3.6% in January.
Core consumer prices, which excludes prices for rent, electricity, water, fuel and construction materials, rose 0.48% month-on-month in February, up from the 0.30% increase in January. Finally, core inflation was steady at January’s 1.8% in February.
FocusEconomics Consensus Forecast panelists expect inflation to average 3.5% in 2019, which is down 0.4 percentage points from last month’s forecast. For 2020, the panel projects inflation to average 3.9%.
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||4.80||-0.13 %||Mar 11|
|Exchange Rate||23,199||0.01 %||Mar 11|
|Stock Market||985||0.15 %||Mar 11|
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March 1, 2019
According to data released by Nikkei and IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) edged down to a 35-month low of 51.2 points in February from 51.9 points in January, on muted demand and falling employment.
February 28, 2019
According to the General Statistics Office of Vietnam, consumer prices rose 0.80% in month-on-month terms in February, contrasting the 0.10% fall recorded in January.
February 28, 2019
Industrial production jumped 10.1% over the same month last year in February, accelerating from the revised 8.1% increase logged in January (previously reported: +7.9% year-on-year).
February 1, 2019
According to data released by Nikkei and IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) fell to 51.9 points in January from 53.8 points in December, on broad-based weakness among the components.
January 29, 2019
Industrial production increased 7.9% over the same month of last year in January, moderating from the 11.4% rise registered in December.