Inflation in Vietnam
Vietnam - Inflation
Inflation soars in December amid higher pork prices
According to the General Statistics Office of Vietnam, consumer prices rose 1.40% in December over the prior month, up from November’s 0.96% rise. December’s reading came on the back of markedly higher food prices, as African swine fever continued to curb the supply of pork.
Inflation increased from 3.5% in November to 5.2% in December, the highest rate in almost three years, amid a sharp rise in food price inflation. Core inflation increased from 2.2% to 2.8%.
Although African swine fever will likely continue to fan price pressures in the coming months, inflation in 2020 should average lower than its current level as the impact gradually fades and oil prices stay low.
FocusEconomics Consensus Forecast panelists expect inflation to average 3.3% in 2020, which is down 0.1 percentage points from last month’s forecast. For 2021, the panel projects inflation to average 3.7%.
Vietnam - Inflation Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 6.6 | 4.1 | 0.6 | 2.7 | 3.5 |
Vietnam Inflation Chart
Source: General Statistics Office of Vietnam and FocusEconomics calculations.
Vietnam Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.38 | -0.13 % | Dec 31 |
| Exchange Rate | 23,173 | 0.01 % | Jan 01 |
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Economic News
Vietnam: Manufacturing PMI dips in December but stays in expansionary territory
January 2, 2020
According to data released by IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) registered 50.8 in December, marginally below November’s 51.0 reading.
Vietnam: Industrial production growth picks up in December
December 29, 2019
Industrial production rose 6.2% in December year-on-year, up slightly from November’s revised 5.5% expansion (previously reported: +5.4% in November year-on-year).
Vietnam: Growth slows slightly in Q4 but remains rapid
December 29, 2019
The economy grew 7.0% in the fourth quarter of 2019, down from Q3’s revised 7.5% expansion (previously reported: +7.3% year-on-year).
Vietnam: Inflation soars in December amid higher pork prices
December 29, 2019
According to the General Statistics Office of Vietnam, consumer prices rose 1.40% in December over the prior month, up from November’s 0.96% rise.
Vietnam: Manufacturing PMI rises in November as output growth returns
December 2, 2019
According to data released by IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) rose to 51.0 in November from 50.0 in October.
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