Producer Prices in Vietnam
Vietnam - Producer Prices
Inflation comes in at highest level since August 2021 in April
Consumer prices increased 0.18% in April over the previous month, which was below March's 0.70% rise. April's result marked the lowest reading since December 2021. Looking at the details of the release, the prices for food decreased at a softer pace in April compared to March, while prices for transportation dropped after growing in the previous month. Meanwhile, education prices increased. Moreover, prices for health grew at a more subdued pace.
Inflation ticked up to 2.6% in April, following March’s 2.4%. April's result was the highest inflation rate since August 2021. Annual average inflation remained at March’s 2.2% in April.
The current upward inflationary trend is likely to continue throughout the year, as private consumption and investment accelerate. Moreover, the rising prices of key commodities on global markets—especially oil and agricultural products—will drive prices up as well. Nevertheless, forecasts for interest rate hikes by Vietnam’s Central Bank and the anticipated slight appreciation of the dong should offset this somewhat, and our panelists forecast inflation to average below the government’s 4.0% target in 2022.
FocusEconomics Consensus Forecast panelists expect inflation to average 3.4% in 2022, which is up 0.2 percentage points from last month’s forecast. For 2023, the panel projects inflation to average 3.5%.
Vietnam - Producer Prices Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation (PPI, annual variation in %) | -0.6 | -0.6 | 2.8 | 3.1 | 1.3 |
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
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Vietnam: Inflation comes in at highest level since August 2021 in April
April 29, 2022
Consumer prices increased 0.18% in April over the previous month, which was below March's 0.70% rise.
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Vietnam: Industrial output growth improves in April
April 29, 2022
Industrial output rose 18.0% compared to the same month a year earlier in April, which was above March's 15.2% increase.
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Vietnam: Inflation comes in at highest level since August 2021 in March
March 30, 2022
Consumer prices increased 0.70% in March over the previous month, a smaller increase than the 1.00% increase seen in February.
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Vietnam: Industrial output in March records quickest growth since April 2021
March 30, 2022
Industrial output increased 21.1% in year-on-year terms in March, which was above February's 18.2% increase.
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Vietnam: GDP growth dips slightly in Q1
March 29, 2022
GDP growth eased to 5.0% year-on-year in the first quarter of 2022, slowing slightly from the 5.2% growth clocked in the fourth quarter of last year.
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