Asia > South-Eastern Asia > Vietnam > Vietnam Inflation January 2016

Vietnam: Vietnam Inflation January 2016

2016/01/28

In January, consumer prices recorded flat increase over the previous month (December: +0.02% month-on-month). According to the General Statistics Office of Vietnam, January’s price hike reflected increases in 9 of the 11 components of the index, where the education component reported the biggest rise.

Inflation ticked up from 0.6% in December to 0.8% in January. While this was the highest rate in six months, inflation still hovered around historically-low levels. Meanwhile, annual average inflation remained steady at the 0.6% reading tallied in December, which marked the lowest level since March 2002.

FocusEconomics Consensus Estimate panelists expect inflation to average 2.6% in 2016, which is down 0.4 % points from last month’s estimate. According to our panel, average inflation will accelerate to 4.3% in 2017.

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